ARC Resources Ltd. Achieves EO100™ Certification for its Greater Dawson and Sunrise British Columbia Assets
• ARC Resources Ltd. Holds the largest volume of independently certified gas in Canada
• New certification of ARC’s Greater Dawson and Sunrise British Columbia site increases ARC’s certification holdings to over 95% of operations
In April 2022, ARC received certification under Equitable Origin’s EO100™ Standard for Responsible Development for its northeast BC assets, including Greater Dawson and Sunrise. ARC now holds the largest certified production base under this standard by a Canadian energy producer, with approximately 95 per cent of its current production certified. This results in approximately 1.3 billion cubic feet per day (bcf/d) of independently certified gas available for trading.
This is the second certification for the Company, the first of which was achieved by Seven Generations Energy (7G) in 2019 for the Kakwa asset. In 2021, ARC completed its strategic combination with 7G, forming a leading producer in the Montney resource play. Today, production for the combined company is approximately 340,000 barrels of oil equivalent per day (boe/d), comprised of approximately 130,000 boe/d of crude oil and liquids, and approximately 1.3 bcf/d of natural gas. ARC is now Canada’s largest condensate producer, third-largest natural gas producer, and sixth-largest upstream energy company. The combined company holds two separate EO100™ certifications. Find a summary of the certification here.
“ARC’s commitment to responsible energy development and continuous improvement is outstanding and having them in our program is an honour. We would like to congratulate them on having achieved a second EO100™ certification to our rigorous standard,” said Soledad Mills, Chief Executive Officer of Equitable Origin.
Equitable Origin has a proven track record of certifying energy production on ESG indicators in accordance with its EO100™ Standard for Responsible Energy Development. Equitable Origin approved assessors evaluated ARC’s operations against the principles of the EO100™ Standard, including corporate governance and ethics; social impacts, human rights and community engagement; Indigenous Peoples’ Rights; occupational health & safety and fair labor standards; and environmental impacts, biodiversity and climate change.