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New foundation takes up the challenge

 

By Janice Paskey

A fresh generation of Calgary philanthropists has emerged with the launch of a new foundation for energy education and research.

FEER, the Foundation for Energy Education and Research in Calgary, is the brainchild of four friends in the oilpatch who want to help students financially who are embarking on a career in oil and gas, and to ensure they have the best possible education in energy-related disciplines.

feer 1Two years ago, Darryl Proudfoot, vice-president and treasurer of Rider Resources —who finances four bursaries with wife Peggy Proudfoot—was challenged by University of Calgary President Dr. Harvey Weingarten who asked “why aren’t more people downtown doing what you’re doing?”

“Harvey threw the grenade and I covered it,” Proudfoot says. Weingarten’s challenge matched his own inner voice to give back more to the community in some way, shape or form.

Proudfoot began to talk with friends Sheldon Steeves (president and CEO Echoex), Bruce McFarlane (VP Rider Resources) and Ross Douglas (president and CEO Mancal Energy) and, after two years of meetings and due diligence, they launched FEER with bold ambitions.

Together the group has committed more than $500,000 of its own money and is seeking $20 million from the downtown oil and gas crowd. FEER will benefit both the U of C and SAIT, with four scholarships and bursaries awarded to each this year. Future plans are to provide funding for engineering and geosciences labs as well as to attract the best energy educators in the world to Calgary.

The goal is to make Calgary the best place in the world to get an education in the energy field.

Four students at U of C have already received their $5,000 bursaries and scholarships. Ann Hislop of the Faculty of Science and Audrey Kertesz of the Schulich School of Engineering, were on hand at the foundation’s launch last week at the Petroleum Club to talk with their benefactors and others in the community.

Kertesz thanked FEER for her scholarship, mentioning that she had a 4.0 average after one year of study. As many in the audience squirmed—no doubt recalling their own marks—McFarlane quipped: “It only took me two years to get a 4.0.”

FEER is in its infancy and is now meeting with people in the oil and gas sector to raise the required funding. Once the $20 million is reached, the foundation will expand the program to include other disciplines at U of C, SAIT and Mount Royal.

For more information, visit the FEER website. www.feer-calgary.com/feer.htm

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VOLUME 3, ISSUE 2
SEPTEMBER 2006

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