Environment

Petro-Canada is a fully integrated oil and gas company, with operations ranging from oil and gas exploration and production through to refining and specialty products production, and service stations and car washes. This wide range of business operations and services means that our environmental footprint is significant. That’s why understanding the interaction between our operations and the environment as well as integrating environmental stewardship into our projects and business operations is a key focus.

Our Principles for Responsible Investment and Operations guide our approach to the environment. We conduct our activities consistent with sound environmental management and conservation practices, and strive to reduce the environmental impact of our operations while continuing to be competitive.

We recognize that, as a growing company, we face many environmental challenges. We believe our people and management systems position us well to deliver on our commitment to reduce our environmental footprint, as much as reasonably practicable. A more specific set of standards is outlined in our Total Loss Management (TLM) system to guide project development, operations and decommissioning.

We are well on our way to implementing a comprehensive Environmental Information Management System (EIMS). We launched the air module in 2008 and we are leveraging it to report air pollutants and greenhouse gas (GHGs) emissions. In 2009, our EIMS focus will be on designing and implementing the water module in support of our Petro-Canada Water Principles. We have also created several environmental Communities of Practice, which are networks of company subject matter experts across all business units. They enable the development of corporate-wide sharing of best practices as well as the development of aligned environmental systems.

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