Crew Energy Achieves Certification under the EO100™ Standard for Responsible Energy Development
Equitable Origin is pleased to announce that in August 2022, Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) received certification under Equitable Origin’s EO100™ Standard for Responsible Development for its Northeast British Columbia Development in Canada. This results in approximately 180 million cubic feet of natural gas per day (MMcf/d) that is independently certified. The site’s EO100™ Certification was assessed by AECOM Canada Ltd. To see the latest summary report, click here.
Per their press release, Crew Energy Inc. (“Crew” or the “Company”), is a growth-oriented natural gas weighted producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to announce that it has achieved independent certification of their natural gas and natural gas liquids production from their NE BC Development area under the Equitable Origin EO100™ Standard for Responsible Energy Development (the “Certification”). The Certification confirms Crew’s best-practice methods for environmental, social and governance (“ESG”) performance in the energy sector and demonstrates their commitment to continuous improvement.
As part of the Certification process, a team of accredited third-party assessors from AECOM Canada Ltd. conducted an in-depth and independent assessment of their operations to review Crew’s alignment with the five principles of the EO100™ Standard, including corporate governance, transparency & ethics; human rights, social impacts & community engagement; Indigenous Peoples’ rights; fair labor & working conditions; and climate change, biodiversity & environment.
As part of their Certification, Crew has committed to a continuous improvement plan that incorporates all five principles under the EO100™ Standard. Progress against this plan will be evaluated annually. “We are very proud that Crew’s leading ESG practices have been recognized through the rigorous EO100™ Certification.” said Dale Shwed, President and CEO of Crew. “We have strived to continuously reflect our values of high integrity and ethical behavior across all aspects of our business. Achieving this independent EO100™ Certification demonstrates our success to date and sets the stage for continued improvement in our efforts to create value for our shareholders in a responsible and sustainable way.”
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 Crew Energy’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.
About Crew
Crew is a growth-oriented natural gas and liquids producer, committed to pursuing sustainable per share growth through a balanced mix of financially and socially responsible exploration and development. The Company’s operations are exclusively located in northeast British Columbia and feature a vast Montney resource with a large contiguous land base in the Greater Septimus and Groundbirch areas in British Columbia, offering significant development potential over the long-term. Crew has access to diversified markets with operated infrastructure and access to multiple pipeline egress options. The Company’s common shares are listed for trading on the Toronto Stock Exchange (“TSX”) under the symbol “CR” and on the OTCQB in the US under ticker “CWEGF”. To learn more about Crew Energy visit www.crewenergy.com.
FOR DETAILED INFORMATION, PLEASE CONTACT CREW ENERGY:
Dale Shwed, President and CEO – Phone: (403) 266-2088
John Leach, Executive Vice President and CFO – Email: investor@crewenergy.com