CALGARY, Oct. 15 /CNW/ - Imperial Oil today announced that it has
released its most recent Corporate Citizenship Report. The eighth such report
published by the company focuses on key topics of climate change, spill
prevention, water management, worker safety, stakeholder engagement and
community investment, and covers the 2007 to early 2008 timeframes.
"As the global focus on Canadian energy development grows, more people in
the world will be watching our performance as a corporate citizen," said Bruce
March, Imperial Oil's chairman, president and CEO. "Our company must achieve
very high standards of environmental and social performance. As this report
shows, our company is up for the challenge."
Some significant highlights from the report include:
- The company's total greenhouse gas emissions were reduced 2 percent
from 2006 levels.
- Spills greater than one barrel were reduced to 17 from 34 in 2006.
- Since 2003, the lost-time incident rates for employees and
contractors have decreased by 33 percent and 85 percent,
- In 2007, the company commercialized a solvents-based recovery method
at the Cold Lake operation that will enhance efficiencies and improve
environmental performance. This work was the result of the company's
ongoing investment in research and technology. In 2007, this
investment totaled $83 million.
- In 2007, $11.3 million was contributed to more than 440 community
initiatives across Canada.
- In 2007, the company continued to solicit public and community input
into its plans for the Kearl oil sands project and the Mackenzie gas
The report has been produced using the Oil and Gas Industry Guidance on
Voluntary Sustainability Reporting, published jointly by the American
Petroleum Institute (API) and the International Petroleum Industry
Environmental Conservation Association (IPIECA). The API/IPIECA guidance
provides a common framework for the petroleum industry to use in reporting
non-financial performance. A downloadable copy of Imperial's Corporate
Citizenship Report is available at www.imperialoil.ca.
Imperial Oil is one of Canada's largest corporations and a leading member
of the country's petroleum industry. It is one of the country's largest
producers of crude oil and natural gas, is the largest petroleum refiner, and
has a leading market share in petroleum products sold through a coast-to-coast
supply network that includes about 1,900 service stations.
For further information:
For further information: Public Affairs, (403) 237-2710