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Imperial Oil Releases its Latest Corporate Citizenship Report
Imperial Oil Releases its Latest Corporate Citizenship Report
Published 10-15-08
Submitted by Imperial Oil LTD
CALGARY,CANADA. - October 15, 2008 - Imperial Oil today announced that it has released its most recent Corporate Citizenship Report. The eighth such report published by the company focuses on key topics of climate change, spill prevention, water management, worker safety, stakeholder engagement and community investment, and covers the 2007 to early 2008 timeframes.
"As the global focus on Canadian energy development grows, more people in the world will be watching our performance as a corporate citizen," said Bruce March, Imperial Oil's chairman, president and CEO. "Our company must achieve very high standards of environmental and social performance. As this report shows, our company is up for the challenge."
Some significant highlights from the report include:
- The company's total greenhouse gas emissions were reduced 2 percent from 2006 levels.
- Spills greater than one barrel were reduced to 17 from 34 in 2006.
- Since 2003, the lost-time incident rates for employees and contractors have decreased by 33 percent and 85 percent,respectively.
- In 2007, the company commercialized a solvents-based recovery method
at the Cold Lake operation that will enhance efficiencies and improve
environmental performance. This work was the result of the company's ongoing investment in research and technology. In 2007, this investment totaled $83 million. - In 2007, $11.3 million was contributed to more than 440 community initiatives across Canada.
- In 2007, the company continued to solicit public and community input
into its plans for the Kearl oil sands project and the Mackenzie gas project.
Imperial Oil is one of Canada's largest corporations and a leading member of the country's petroleum industry. It is one of the country's largest producers of crude oil and natural gas, is the largest petroleum refiner, and has a leading market share in petroleum products sold through a coast-to-coast supply network that includes about 1,900 service stations.
