Scholarship Donor - AIT

Donor Since: 2002
Number of Scholarships: 1
Websites: EnCana Corporation
Scholarship Information: EnCana Corporation Aboriginal Scholarship

History:
EnCana's journey is guided by a corporate constitution that sets out the foundation of our values and what we each can do to thrive and grow; it is an inner compass that keeps us moving in the right direction on our journey to build a great company. The Corporate Constitution sets out what we expect of one another; it inspires us; it empowers us; and it makes us accountable to one another.

On May 11, 2008, The Board of Directors of EnCana Corporation unanimously approved a proposal to split EnCana into two highly focused energy companies - one a natural gas company with an outstanding portfolio of early life, North American, natural gas resource plays and the other a fully integrated oil company with industry-leading in-situ oilsands properties and top-performing refineries, as well as an underlying foundation of reliable oil and gas resource plays. This transaction is designed to enhance long-term value for EnCana shareholders by creating two highly sustainable, independent entities, each with an ability to pursue and achieve greater success by employing operational strategies best suited to its unique assets and business plans.

EnCana has an industry-leading land position in western Canada of approximately 20.1 million net acres, of which approximately 11.1 million net acres are undeveloped. The mineral rights on approximately one third of this land is acreage owned in fee title by EnCana, which means that production is subject to a mineral tax that is generally less than the Crown royalty imposed on production from land where the government owns the mineral rights.