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Keyera Sets GHG Intensity Reduction Target of 25% by 2025 and 50% by 2035
Keyera Sets GHG Intensity Reduction Target of 25% by 2025 and 50% by 2035 Canad...
About this update from Keyera Corp.
[{"type":"text","content":"\n \n \n \n Keyera Sets GHG Intensity Reduction Target of 25% by 2025 and 50% by 2035\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Nov. 23, 2021\n \n /CNW/ - Today, Keyera published its first Climate Report, which includes the company's emissions intensity reduction targets.  The report, which represents an important milestone in Keyera's sustainability journey, aims to provide stakeholders with transparent, decision-useful, climate-related information and can be viewed at\n \n www.keyera.com/sustainability\n \n .\n \n \n \"Keyera has the opportunity to play an important role in the energy transition,\" said Keyera's President and CEO,\n \n Dean Setoguchi\n \n . \"We will navigate the challenge of reducing our emissions, while helping to meet global demand for clean and reliable sources of energy.  We believe we can do this while generating strong returns for our shareholders. This will mean engaging with customers, industry peers, suppliers, indigenous communities, regulators and governments, and other stakeholders to find economic solutions that will make a real impact.\"\n \n \n \n Clearly Defined Pathways to Achieving Industry-Leading Targets\n \n \n \n Keyera is taking a parallel path approach to reach its targets. Firstly, to decarbonize its current base operations and secondly to pursue energy transition investment opportunities, leveraging the existing asset base, core competencies and strong customer relationships.\n \n \n \n Keyera has set a near-term target to achieve a 25% reduction in scope 1 and scope 2 GHG intensity (equity basis) from 2019 levels by 2025. This target will be achieved through continued decarbonization of existing assets, including building upon actions already underway. Actions include:\n \n \n \n The Gathering and Processing segment optimization program (now complete).\n \n \n Anticipated ramp up of lower emissions intensity assets like the Wildhorse Terminal in\n \n Oklahoma\n \n (in-service) and the KAPS pipeline project in\n \n Alberta\n \n (under co...