| Environment |
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Pengrowth is committed to corporate and industry
excellence in environmental performance and stewardship.
Pengrowth remains dedicated to responsible operatorship,
minimization of environmental impacts and compliance
with provincial and federal legislation or other
requirements within the jurisdictions in which we
operate. This was an unmatched year of activity with the
acquisitions integration. The new areas were included
into our policies, procedures and expectations. |
Consistent with previous years, Pengrowth is an active
participant in the Environment, Health, Safety and
Social Stewardship Program initiated by the Canadian
Association of Petroleum Producers (CAPP). In 2007,
Pengrowth received CAPP’s highest level of recognition
in support of our achievements. The Platinum level of
recognition from CAPP requires our commitment to
continuous improvement in our health, safety and
environment management practices including a thorough
external audit of our activities on a frequent basis.
Pengrowth continued to proactively mitigates
environmental risks through pipeline and facility
replacements, improvements and awareness. During 2007,
Pengrowth spent approximately $11 million on an active
well abandonment and site restoration program under
which the trust continued to assess and remediate sites
impacted by historical operations. For 2008, Pengrowth
has dedicated resources to continue with such
initiatives.
Pengrowth monitors and tracks facility emissions in
order to meet requirements, including the National
Pollutant Release Inventory, Federal Greenhouse Gas
Reporting Program, Alberta Specified Gas Reporting
program and the CAPP Benzene Emissions Report. In
addition, two facilities that are operated by Pengrowth
will be impacted by Alberta’s Climate Change and
Emissions Management Amendment Act which was introduced
in July 2007. Reduction of greenhouse gases will be
achieved by conducting fugitive emission audits on
selected facilities and following up on identified
opportunities. These audits are also a part of our
emission reduction strategy.
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