At Keyera, we share our stakeholders’ concerns aboutthe impact of global climate change, and we believe we have a responsibility toproactively address anticipated changes and reduce our greenhouse gasemissions. We continue to invest in infrastructure to improve efficiencies andhave established committees responsible for identifying opportunities toenhance environmental performance across our facilities. In doing so, we notonly hope to reduce the environmental effects of our operations, but alsocreate efficiencies that result in reduced compliance costs, increased capacityand lower costs for our customers.
Climate Change and Emissions Strategy
Keyera continuously monitors regulatory trends acrossCanada and the U.S. to understand how potential changes could affect ourbusiness and operations. We’re integrating regulatory developments, carbonsensitivities and climate risks into our business and investment decisions,including considering the possibleimpacts of weather, market and demand changes. These risks are furtherdescribed in our CDP Disclosure.
Keyerahas established an internal Climate Change and Emissions Strategy Committee(CCES) to provide strategic guidance with respect to climate changeimplications, regulatory changes and emission reduction strategies. It isfocused on expanding collaboration across our organization and operations toidentify key emission risks and opportunities for our business. The CCESCommittee is also responsible for Keyera’s greenhouse gas (GHG) strategy.
The objectives of Keyera’s GHG strategy include:
- identifying and implementing cost-effective GHG reductions in our operations;
- adopting economically viable conservation and energy efficient technologies;
- monitoring and reporting emissions reductions;
- sharing best practices;
- combining reduction efforts with other emission regulations;
- encouraging continuous improvement in GHG inventory reporting methodologies and risk management; and
- identifying and evaluating business opportunities.
The CCES Committee established an Emissions Reductions Opportunity(ERO) task group to focus on the identification, evaluation and implementationof emissions reduction opportunities for GHGs, methane, nitrogen oxides (NOx),benzene, etc. Beyond the ERO, our operational excellence (OE) programincorporates environmental risks assessments and processes improvements intothe lifecycle of our facilities, and internal teams are expected to look foroperational efficiencies which could result in energy efficiencies andemissions reductions. Our engineering and business development teams alsoexamine opportunities to incorporate new design or equipment in to new projectsor expansions.
The CCES Committee reports to the Keyera Executiveteam including the CEO, who reports to the Board of Directors. The Health, Safety and Environment (HSE)Board Committee has oversight of GHG and emissions management, reporting andstrategy.
Through the processing and transportation of natural gas and liquids,our facilities release carbon dioxide, nitrogen oxide, sulfur dioxide andmethane, as well as other gases. Our emissions reductions strategies are centered on decreasing the fourmain types of emissions.
Through the Emissions Reduction Opportunities TaskGroup and other employee-led initiatives, Keyera has invested in a number oflow carbon opportunities, equipment modifications and projects to reduceemissions. Keyera emission reduction projects include acid gas injection (aform of carbon
sequestration) at several plants, modifications to our heaters and boilers toreduce NOx emission and the installation of a waste heat recovery systemat the Rimbey Gas Plant. We continue toexplore other emission reduction technologies.
From 2007 to 2018, Keyera’s facilities have earned 660kilotonnes of CO2 Emissions Performance Credits through reductions.That is equivalent to the annual emissions of over 140,000 cars. Furtherdetails about our emissions performance can be found on our ESG Performance Summary and in our CDP Climate Change Disclosure.
We know that making large-scale emissions reductionsprogress will take collaboration within our industry and across sectors. Keyeraworks with industry, regulators and policy makers on opportunities to increasethroughput at existing facilities in order to reduce the proliferation of lessefficient facilities. While these strategies may result in incremental emissionreductions at Keyera’s facilities, the overall effects add up to a netreduction from industry.