CALGARY, AB, March 1, 2021
/CNW/ - SECURE ENERGY Services Inc. ("SECURE", the
"Corporation", "we" or "our") (TSX: SES) announced today that the
Corporation's 2020 Sustainability Report can be found on the
Corporation's website.
"Integrating environmental and social considerations is a key
element of our corporate strategy," said Rene Amirault, Chairman, President and CEO. "We
recognize the diverse needs of our stakeholders and aim to not only
deliver strong financial results and returns to our shareholders,
but to minimize the environmental impact of our operations, and
positively contribute to the health, safety, and economic wellbeing
of our employees and the communities where we live and work."
The 2020 Sustainability Report features the Corporation's
performance in 2020 related to critical environmental, social and
governance ("ESG") issues and highlights SECURE's commitments to
sustainability, the positive impacts made by our ongoing
initiatives, and information on how we continue to refine our
sustainability strategies and processes.
2020 ESG Highlights:
Environment
- Progressed a road map for achieving long-term emissions
performance targets established last year of reducing our carbon
intensity in half by 2030, and achieving net zero emissions by
2050;
- Introduced an environmental performance improvement initiative
to reduce our power requirements, energy usage and emissions at
Midstream Infrastructure facilities;
- Reduced scope 1 greenhouse gas ("GHG") emissions for the fourth
consecutive year, both on an absolute and intensity basis;
- Started tracking and reporting on scope 2 GHG emissions.
Social
- Achieved our top safety record in four years;
- Formalized an Indigenous Relations policy and advanced
community engagement practices;
- Introduced a Supplier Code of Conduct extending our shared
values and sustainability commitments to all vendors, contractors
and consultants employed by the Corporation;
- Formalized a long-term partnership with STARS Air Ambulance to
further enhance our safety culture and commitment to communities in
which we operate.
Governance
- Established an internal sustainability governance structure,
with employees leading initiatives for improved ESG
performance;
- Increased the amount of women on the Board of Directors to 25%,
exceeding our diversity target;
- Linked executive compensation targets to key corporate
sustainability goals.
The Corporation is dedicated to creating value for our customers
by providing innovative solutions that help reduce costs and the
environmental impact associated with delivering energy to the
world. The midstream infrastructure and environmental
solutions we provide are designed not only to help reduce costs,
but also lower emissions, increase safety, manage water, recycle
by-products and protect the environment. During 2020, the
Corporation:
- Added a second oil pipeline, providing capacity to displace
15,000 barrels per day of oil and condensate previously trucked off
the road;
- Shipped over 3 million m3 of oil and water via
SECURE pipelines, reducing GHG emissions by 37 kilotonnes of
CO2e;
- Safely disposed of 4,625,000
m3 of processed water through deep injection and
961,000 tonnes of solids into our engineered industrial
landfills;
- Recovered 96,000 m3 of
crude oil through our processing activities;
- Excavated over 163,000 tonnes of contaminated soil and
reclaimed over 150 hectares of land for our customers;
- Recycled over 71,000 tonnes of scrap metal through our
environmental work in Fort
McMurray.
Rene Amirault added, "We believe
that our sustainability strategies will further increase the
efficiency and safety of delivering energy to the world, while
minimizing the associated environmental impact. Canada is a leader in ESG standards, and we
are proud to play a role in delivering Canadian energy to the
world, so people and communities thrive."
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release constitute
"forward-looking statements" and/or "forward-looking information"
within the meaning of applicable securities laws (collectively
referred to as "forward-looking statements"). When used in
this press release, the words "may", "would", "could", "should",
"will", "intend", "plan", "anticipate", "believe", "estimate",
"expect", "continues", "maintains", "target" and similar
expressions, as they relate to SECURE or its management, are
intended to identify forward-looking statements. Such
statements reflect the current views of SECURE with respect to
future events and operating performance and speak only as of the
date of this press release.
In particular, this press release contains or implies
forward-looking statements pertaining to: our ability to
create value for our customers by providing cost effective and
environmentally responsible solutions; our ability to deliver
strong financial results and returns to our shareholders; the
minimization of the environmental impact of our operations; our
positive contributions to the health, safety and economic wellbeing
of our employees and communities; our commitments to
sustainability, the positive impacts of our ongoing ESG
initiatives, and the continued refinement of our sustainability
strategies and processes; the ability of our sustainability
strategies to increase the efficiency and safety of delivering
energy to the world, while minimizing the associated environmental
impact; the ability of our midstream infrastructure and
environmental solutions to help reduce costs, lower emissions,
increase safety, manage water, recycle by-products and protect the
environment; the implementation and effect of internal programs and
platforms relating to ESG performance; our ability to develop,
invest in and implement new practices and technologies to achieve
our environmental objectives, including reducing our carbon
intensity by 50% by 2030 and achieving net zero emissions by 2050;
the implementation of GHG emissions reduction strategies; our
ability to execute on our environmental performance
improvement initiative; and Canada's ESG standards.
Forward-looking statements are based on certain assumptions that
SECURE has made in respect thereof as at the date of this press
release regarding, among other things: the impact of COVID-19 and
governmental responses thereto on economic conditions, commodity
prices and the Corporation's business and operations; the
impact of lower global energy pricing on oil and gas industry
exploration and development activity levels and production volumes
(including as a result of demand and supply shifts caused by
COVID-19 and the actions of OPEC and non-OPEC countries); the
success of SECURE's operations and growth projects; the
Corporation's competitive position remaining substantially
unchanged; that future acquisition and sustaining costs will not
significantly increase from past acquisition and sustaining costs;
that counterparties will comply with contracts in a timely manner;
that there are no unforeseen events preventing the performance of
contracts or the completion and operation of the relevant
facilities; that there are no unforeseen material costs in relation
to the Corporation's facilities and operations; that our contractor
management system will identify vendors that meet our safety
standards; and that prevailing regulatory, tax and environmental
laws and regulations apply.
Forward-looking statements involve significant known and unknown
risks and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether such results will be achieved. Readers are
cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially
from the results discussed in these forward-looking statements,
including but not limited to those factors referred to under the
heading "Risk Factors" in our Annual Information Form for the year
ended December 31, 2020, which is
available on SEDAR at www.sedar.com.
Although forward-looking statements contained in this press
release are based upon what the Corporation believes are reasonable
assumptions, the Corporation cannot assure investors that actual
results will be consistent with these forward-looking statements.
The forward-looking statements in this press release are expressly
qualified by this cautionary statement. Unless otherwise required
by law, SECURE does not intend, or assume any obligation, to update
these forward-looking statements.
ABOUT SECURE
SECURE is a publicly traded energy business listed on the
Toronto Stock Exchange providing industry leading customer
solutions to upstream oil and natural gas companies operating in
western Canada and certain regions
in the United States through its
network of midstream processing and storage facilities, crude oil
and water pipelines, and crude by rail terminals located throughout
key resource plays in western Canada, North
Dakota and Oklahoma.
SECURE's core midstream infrastructure operations generate cash
flows from oil production processing and disposal, produced water
disposal, and crude oil storage, logistics, and marketing. SECURE
also provides comprehensive environmental and fluid management for
landfill disposal, onsite abandonment, remediation and reclamation,
drilling, completion and production operations for oil and gas
producers in western Canada.
TSX Symbol: SES
SOURCE SECURE Energy Services Inc.