At Keyera, we share our stakeholders’ concerns about
the impact of global climate change, and we believe we have a responsibility to
proactively address anticipated changes and reduce our greenhouse gas
emissions. We continue to invest in infrastructure to improve efficiencies and
have established committees responsible for identifying opportunities to
enhance environmental performance across our facilities. In doing so, we not
only hope to reduce the environmental effects of our operations, but also
create efficiencies that result in reduced compliance costs, increased capacity
and lower costs for our customers.
Climate Change and Emissions Strategy
Keyera continuously monitors regulatory trends across
Canada and the U.S. to understand how potential changes could affect our
business and operations. We’re integrating regulatory developments, carbon
sensitivities and climate risks into our business and investment decisions,
including considering the possible
impacts of weather, market and demand changes. These risks are further
described in our CDP Disclosure.
has established an internal Climate Change and Emissions Strategy Committee
(CCES) to provide strategic guidance with respect to climate change
implications, regulatory changes and emission reduction strategies. It is
focused on expanding collaboration across our organization and operations to
identify key emission risks and opportunities for our business. The CCES
Committee 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
- adopting economically viable conservation and energy efficient
- 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 implementation
of emissions reduction opportunities for GHGs, methane, nitrogen oxides (NOx),
benzene, etc. Beyond the ERO, our operational excellence (OE) program
incorporates environmental risks assessments and processes improvements into
the lifecycle of our facilities, and internal teams are expected to look for
operational efficiencies which could result in energy efficiencies and
emissions reductions. Our engineering and business development teams also
examine opportunities to incorporate new design or equipment in to new projects
The CCES Committee reports to the Keyera Executive
team 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 and
Through the processing and transportation of natural gas and liquids,
our facilities release carbon dioxide, nitrogen oxide, sulfur dioxide and
methane, as well as other gases. Our emissions reductions strategies are centered on decreasing the four
main types of emissions.
Through the Emissions Reduction Opportunities Task
Group and other employee-led initiatives, Keyera has invested in a number of
low carbon opportunities, equipment modifications and projects to reduce
emissions. Keyera emission reduction projects include acid gas injection (a
form of carbon sequestration) at several plants, modifications to our heaters and boilers to
reduce NOx emission and the installation of a waste heat recovery system
at the Rimbey Gas Plant. We continue to
explore other emission reduction technologies.
From 2007 to 2018, Keyera’s facilities have earned 660
kilotonnes of CO2 Emissions Performance Credits through reductions.
That is equivalent to the annual emissions of over 140,000 cars. Further
details 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 reductions
progress will take collaboration within our industry and across sectors. Keyera
works with industry, regulators and policy makers on opportunities to increase
throughput at existing facilities in order to reduce the proliferation of less
efficient facilities. While these strategies may result in incremental emission
reductions at Keyera’s facilities, the overall effects add up to a net
reduction from industry.