Advantage Announces 2021 Sustainability Report and Targets Net-Zero by 2025

Source: 11/18/2021, Location: North America

Advantage Energy Ltd. is pleased to announce the publication of its 2021 Sustainability Report (the "Report") which is available on our website at The Report outlines key sustainability metrics and achievements to year-end 2020, as well as ongoing initiatives and targets.

Advantage has been focused on business sustainability since inception in 2001. We are proud to share the progress we've made on advancing our environmental, social and governance priorities.

Advantage is now targeting 'net-zero' Scope 1 and 2 emissions as early as 2025. We plan to achieve this target using our state-of-the-art carbon capture and storage ("CCS") project at the Glacier Gas Plant and by developing further third-party CCS projects through Advantage's subsidiary, Entropy Inc. ("Entropy"). Success in achieving net-zero on this timeline is predicated on functional CCS regulatory frameworks at both the federal and provincial levels.

Additional highlights from the Report include:
• Combined Scope 1 and 2 carbon emissions of 0.017 tCO2e/boe with insignificant fugitives, venting and flaring
• Reduced water usage with total water intensity of 0.01 m3/boe
• Proactive liability management as demonstrated by a Liability Management Rating ("LMR") of 24.7
• Continued excellence in our health and safety programs whereby exceptional staff engagement and diligence has resulted in industry leading low incidents and injuries
• Establishment of an Indigenous Scholarship Program with implementation targeted by early 2022
• Established a new Governance Committee to augment focus on corporate governance, health, safety and environmental matters, corporate social responsibility, and sustainability matters

Japan >>  6/30/2022 - - ABB contracted by IHI Power Systems Co.,Ltd. develops electric tug for the ports of Tokyo Bay for Japanese towage specialist Tokyo Kisen Co. Ltd
Romania >>  6/30/2022 - - 2050 target: net-zero carbon operations
- Almost 11 million euro was spent for social projects in 2021
- OMV Petrom is ranked in the top...

United Kingdom >>  6/30/2022 - · Braemar Offset enables shipowners and operators to easily track, measure, and offset their vessels' and cargoes' unavoidable emissions
· Thro...

Australia >>  6/29/2022 - From June 2022 onwards, Marr Contracting (“The Men From Marr’s”) has been using renewable diesel (also known as HVO100) from Neste in their heavy lift...

United States >>  6/29/2022 - The Biden Administration through the U.S. Department of Energy (DOE) issued a Request For Information (RFI) to inform a $500 million program funded by...
Qatar >>  6/27/2022 - QatarEnergy has joined the industry-led Aiming for Zero Methane Emissions Initiative, which seeks to have operating oil and gas assets emit almost no ...

Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.