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 gasemissions. 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 capacityand 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 (see Related Links).
Keyera 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 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) 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 or 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.