APA Corporation Announces Partnership with Clean Cooking Alliance to Support Increased Access to Clean Cooking Fuels
November 09 2022 - 4:42PM
APA Corporation (Nasdaq: APA) today announced a multi-year
partnership with the Clean Cooking Alliance (CCA). A project of the
United Nations Foundation, CCA is focused on building a dynamic,
inclusive, and financially sustainable industry with the goal of
achieving universal access to clean cooking by 2030. Access to
clean cooking improves health, reduces climate and environmental
impacts, empowers women, and improves overall livelihoods. It is
also an integral part of meeting the United Nations Sustainable
Development Goal (UNSDG) 7, which is focused on “access to
affordable, reliable, sustainable and modern energy for all.”
“We are excited to partner with the Clean Cooking Alliance to
support their efforts to expand access to clean cooking fuels and
technologies,” said John J. Christmann IV, APA CEO and president.
“Universal access to clean cooking for billions of people around
the world is a major and complex undertaking that requires the kind
of expertise and network that CCA brings to the table. This
partnership and program align with our social investment strategy
and underscore our commitment to expanding access to energy for
communities suffering from energy poverty.”
Today, 2.4 billion people around the world depend on stoves and
fuels such as wood and charcoal to cook. With APA’s financial
support, CCA will facilitate a clean cooking venture accelerator
program that will help early-stage entrepreneurs in the clean
cooking sector by providing access to technical support, funding
and external networks to expand their businesses. This will
ultimately help drive a sustainable market for clean cooking
solutions, including clean-burning liquified petroleum gas
(LPG).
“Access to financing is one of the biggest challenges faced by
entrepreneurs and businesses working on clean cooking,” said
Dymphna van der Lans, Clean Cooking Alliance CEO. “Through this
partnership with APA, we will be able to better support the many
emerging and diverse founders that have the potential to
significantly drive scale and innovation in the clean cooking
sector.”
The program will complement CCA’s current venture and market
building initiatives and will support early-stage entrepreneurs
working to increase access to clean cooking. It will be open to
clean cooking distributors and manufacturers at early stages of
growth. It includes 12 to 14 weeks of core modules, such as
industry and venture fundamentals, pitch day coaching, and possible
entry to a CCA venture catalyst program. It is expected to launch
by the end of the first quarter of 2023.
About APA
APA Corporation owns consolidated subsidiaries that explore for
and produce oil and natural gas in the United States, Egypt and the
United Kingdom and that explore for oil and natural gas offshore
Suriname and in the Dominican Republic. Apache Corporation is a
direct, wholly owned subsidiary of APA Corporation. APA posts
announcements, operational updates, investor information and press
releases on its website, www.apacorp.com. Additional details
regarding Suriname, ESG performance and other investor-related
topics are posted at investor.apacorp.com.
Contacts
Media: (713) 296-7276 Alexandra
Franceschi Website: www.apacorp.com
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