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AFRICA OIL ANNOUNCES THE PUBLICATION OF ITS 2022 SUSTAINABILITY REPORT
AFRICA OIL ANNOUNCES THE PUBLICATION OF ITS 2022 SUSTAINABILITY REPORT Canada NewsWire ...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n \n \n \n AFRICA OIL ANNOUNCES THE PUBLICATION OF ITS 2022 SUSTAINABILITY REPORT\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 \n VANCOUVER, BC\n \n \n ,\n \n \n March 31, 2023\n \n \n /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI)\n \n – Africa Oil Corp.\n \n (\"Africa Oil\", \"AOC\" or the \"Company\") is pleased to announce that it has published its 2022 Sustainability Report. This report outlines the Company's approach to ESG management and provides an overview of the ESG-related performance for the period 1\n \n st\n \n January to 31\n \n st\n \n \n December 2022\n \n .\n \n View PDF version\n \n \n \n \n Highlights\n \n \n \n \n Net equity emissions of 117 kilo tonnes carbon dioxide equivalent (\"ktCO2e\") during 2022, representing an 8% decrease compared to 2021.\n \n \n Gas flaring at the Company's Nigerian assets reduced 27% year-over-year.\n \n \n More than 20% of emissions offset via purchase of Verra certified carbon credits on road to achieving carbon neutrality in 2025.\n \n \n Zero fatalities and Lost Time Injuries in\n \n Nigeria\n \n .\n \n \n Adopted new Diversity, Equity and Inclusion policy, including aspirational diversity targets at the Board and Management level.\n \n \n Continue to expand ESG disclosures, with Taskforce on Nature-related Financial Disclosures (\"TNFD\") pilot and addition of Global Reporting Initiative (\"GRI\").\n \n \n \n \n Africa Oil Chief Executive Officer,\n \n Keith Hill\n \n , commented\n \n : \"To meet our goal of carbon neutrality by 2025, we have actively advocated through our interest in Prime for emissions reduction opportunities at our assets in\n \n Nigeria\n \n , with a particular focus on flaring and asset optimization. I am delighted these efforts contributed to a 27% year-over-year decrease in flaring in 2022 and contributed to an 8% reduction in overall emissions. Flaring is now half the rate it was in 2019, before we acquired the assets, and we continue to see improvements, with average flaring levels year-to-date in 2023 roughly a third of those in 2022.\n \...