Environment
We recognize that the production of fossil fuels contributes to global emissions and are committed to reducing the environmental impacts of our activities. Through the production of natural gas, we can help meet energy demand and support energy security, affordability, and reliability. Our approach to the environment, prioritizes continuous improvement related to emissions, water, land and biodiversity.
On June 20, 2024, the Canadian government passed amendments to the Competition Act that creates uncertainty for companies that wish to publicly communicate their environmental goals, targets and performance.
Due to questions regarding how the new law will be interpreted and enforced, and the significant potential penalties associated with non-compliance, we have temporarily removed all environmental content from our website, social media and other public communications.
This is not reflective of our position or desire to be transparent in our environmental disclosures. We are proud of the work we have done to improve our environmental performance and remain focused on continuing to do so moving forward.
Canada’s energy industry has an important role to play in contributing to the economy, creating good paying jobs, supporting communities, and providing reliable, affordable and low-cost energy both here at home and abroad. As more clarity and guidance regarding the new law becomes available, we look forward to continuing to share our story and our progress with you.
Guiding principles
Provide low-carbon energy for the future
- Create a resilient and sustainable business with a lower carbon intensity profile
- Long-term focus on natural gas as a transition fuel
- Pursue further economic opportunities to electrify facilities and well sites to reduce emissions
- Drive innovation through the application of clean technologies
Protect water resources - secure, reduce, recycle
- Invest in water infrastructure to ensure water security for future operations
- Explore new technologies to increase water recycling in our operations
Restore land
- Reduce our asset retirement obligation by prioritizing activities based on environmental impact and capital efficiency
- Reduce costs for abandonment, reclamation and remediation activities to maximize the number of reclaimed sites
Goals and targets
Our environmental goals and targets aim to lower emissions and return impacted land to its original or equivalent state.
Emissions
- Reduce ARC’s corporate GHG emissions intensity and strive to be the lowest GHG emissions intensity upstream oil and gas producer in North America.
- Reduce GHG emissions intensity by 20% by 2025, relative to the Company’s 2019 baseline.
- Reduce methane emissions intensity by 20% by 2025, relative to the Company’s 2019 baseline.
- Implement a minimum of 70,000 metric tonnes of carbon dioxide equivalent (tCO2e) emission reduction projects by 2025.
- Reinvest up to 100% of carbon offset revenues into clean technology development and application to further reduce ARC’s corporate emissions profile.
Reclamation and remediation
- Invest an average of $15 million in asset retirement activities over the next 10 years to further reduce ARC’s corporate environmental liability.
- Reduce average abandonment, reclamation, and remediation costs by 10% through the application of new technologies, area-based closure programming, and procurement strategies.
Performance highlights
20%
reduction in methane
emissions from 2019 baseline
8%
reduction in GHG emissions intensity from 2019 baseline
$53.3 MM
invested in asset
retirement activities
2020-2022
0.65
pipeline incident rate