Over our 26-year history, we have been committed to responsible development of our assets. Through innovation and a focus on efficiency, we stive to improve our environmental and operational performance. Recently, ARC was recognized for its ESG leadership with certification of its Ante Creek asset under Equitable Origin’s (EO) EO100™ Standard for Responsible Energy Development. As a result, 100 per cent of our asset base is certified, representing the largest certified production base in Canada.
Through the Business Combination with Seven Generations Energy Ltd. (Seven Generations), ARC was the first natural gas producer in the world to achieve certification under the EO100™ Standard with certification of our Kakwa asset in 2019. This initial certification was the first-of-its-kind for a natural gas producer, and other North American energy producers have since followed suit. In April 2022, we received our second certification of our northeast BC assets near Dawson Creek. Our final certification was achieved in January 2023, covering our full production base of approximately 345,000 barrels of oil equivalent (boe) per day.
In 2022, we worked closely with Equitable Origin to add our Ante Creek asset in Alberta to our certification. The assessment process was comprehensive and independently assured, which included site-level assessments, and interviews with key stakeholders and Indigenous communities. Interviews were held with employees and external stakeholders, including community members, Indigenous communities, government officials, and non-governmental organizations, near our operations.
Through the process, our ESG performance was verified against targets in five key areas: corporate governance and ethics; social impacts, human rights and community engagement; Indigenous Peoples’ rights; occupational health and safety and fair labour standards; and environmental impacts, biodiversity and climate change.
The assessment identified key emissions reduction initiatives that exceeded industry standards. We strive to adopt best practices for emissions management, aiming to meet and exceed regulations for all assets – from construction design to upgrading equipment through retrofitting. At our Ante Creek asset, we’ve implemented best practices to reduce scope 1 and 2 emissions from our operations.
Throughout our field, we’ve retrofitted our facilities with zero-bleed pneumatic devices powered by instrument air or electricity. Our fugitive emissions are managed through an alternative Fugitive Emissions Management Program (alt-FEMP), which utilizes aerial surveying in coordination with ground-based comprehensive surveying. Moving forward, we have developed a continuous improvement plan to continue advancing our environmental and social performance. For details of our assessment, visit EO’s website.
Equitable Origin (EO) is a non-profit organization incorporated in the U.S., governed by a multistakeholder board of directors. Equitable Origin’s mission is to partner with business, communities and government to support responsible development of energy and natural resources. Equitable Origin created the world’s first stakeholder-based, independent, voluntary standards system designed to drive higher social and environmental performance, greater transparency and more accountability in energy development. Equitable Origin works with a variety of stakeholders to foster dialogue, benchmark performance and promote best practices through the EO100™ Standard for Responsible Energy Development. Equitable Origin seeks to leverage market-based mechanisms to recognize and reward responsible energy producers and to empower energy purchasers to positively influence upstream impacts and to incentivize continuous improvement. Read more: www.energystandards.org