We are committed to looking for ways to lower our emissions and reduce our environmental footprint as we develop Pieridae’s resources responsibly, and participate in the journey toward a sustainable energy future.
We are also committed to achieving net-zero emissions by 2050, with plans to use carbon sequestration and other technologies, as part of the global transition to a low-carbon energy economy.
Any responsible company that develops, produces and processes energy must look for ways to reduce emissions and the harmful environmental impact of operations. Canada and the rest of the world are headed towards low-carbon goals, and companies such as Pieridae need to be responsive to both government policy and legislative changes as well as changing public perspectives and values.
Scope 1 and Scope 2 Emissions
In the first year following the Southern Alberta Foothills Assets acquisition, we streamlined our asset portfolio and improved our energy management. Going forward, we plan to establish a verified baseline for Scope 1 and Scope 2 emissions from all our Canadian assets.
Scope 1 are direct emissions from owned and controlled sources, primarily generated when we process natural gas which includes flaring, venting, combustion, and fugitive emissions.
Scope 2 covers indirect emissions from the generation of purchased electricity, and the steam, heating and cooling energy we consume.
Pieridae is focused on evaluating our carbon-related risks and opportunities to set future goals and inform the company’s business planning.
In our Foothills and legacy assets, we maintain a focus on energy management and greenhouse gas reduction through monitoring of key process parameters, operational optimization and planned projects
A NOTE ABOUT SCOPE 3 EMISSIONS
We will also look at Scope 3 emissions which are all indirect emissions occurring along Pieridae’s value chain including both upstream and downstream. These emissions are beyond Pieridae’s direct control but opportunities may exist to work with other companies and analyze ways to reduce them.
Committed to achieving net-zero emissions by 2050
Pieridae’s large facilities have Environmental Approvals to Operate issued by the Alberta government under the Environmental Protection and Enhancement Act (EPEA). These environmental approvals to operate include ambient air monitoring requirements to ensure air quality meets regulated air guidelines and objectives for the surrounding communities and environment.
At each of our large facilities we have Environmental Coordinators who manage the terms and conditions of the EPEA approvals and support air monitoring and reporting, and who participate with industry synergy groups. We are funding and participating board members with the Calgary Regional Airshed Zone and Parkland Airshed Management Zone. We collaborate on management strategies within these zones to address air quality concerns and to develop strategies to further improve air quality.
“We are striving to test the latest available technologies in detection and provide science-based solutions for methane emissions. We will use science based technology to not only reduce emissions but the cost of reducing our environmental footprint.” SPOG Executive Director Tracey McCrimmon.
Direct Emissions by Activity
Pieridae continues to address methane emissions using a focused approach. This approach supports the requirements set out by the government of Alberta to reduce methane emissions from the provincial upstream oil and gas sector by 45 percent by 2025 from 2014 levels.
To meet these targets Pieridae has a methane reduction compliance plan that is focused on equipment retrofits, new equipment installation, site vent gas limits, and our fugitive emission management program.
In 2020, Pieridae completed LDAR and Fugitive Emissions surveys on our asset base. This led to repairs of 997 leaks and eliminated approximately 2800 tonnes of annual CO2 equivalent emissions.