Q1 Highlights and Growth Prospects

Liquids: Carbon Capture & Storage Open Access Wabamun Carbon Hub Milestones Today ENBRIDGE® 2023 Illustrative 2024 2025 2026 2027 Fort McMurray Alexis Nakota Sioux Nation Alexander First Nation FORT Awarded Evaluation Rights Geological Validation Regulatory Review Award of all Permits Lac Ste. Anne Métis Community SASKATCHEWAN Initial phase ISD as early as 2026 Lehigh Cement Commercial Terms & Investment Decision Paul O EDMONTON Cold Lake First Nation Enoch Cree Greater Edmonton Area 4 MtCO₂e annual carbon capture and storage under MOU Capital Power Nation 20+ MtCO2 within Greater Edmonton Area Phased Construction • Awarded right to advance development by the AB Government New Calgary • ITC2 announced in Canada's budget (50% on capture equipment, 37.5% on transportation & storage) • MOUS with Capital Power and Lehigh Cement Project will contribute significantly to meeting Canada's net zero emission goals . ⚫ LOIS with FNCIP1 & Lac Ste. Anne Métis Community Wabamun Carbon Hub will be one of the largest integrated capture projects in the World (1) First Nation Capital Investment Partnership (FNCIP) is comprised of Alexander First Nation, Alexis Nakota Sioux Nation, Enoch Cree Nation and Paul First Nation (2) Investment tax credit New 17

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