Cooper Energy announced it has become Australia’s first carbon-neutral domestic gas producer by fully offsetting its FY20 emissions.
Upon the release of its second annual sustainability report, Cooper Energy said it will 100 per cent offset all 10,022 t of its FY20 greenhouse gas emissions.
This includes 8,739 t of scope 1 equity share emissions, 360 t of scope 2 equity share emissions and 923 t of controllable scope 3 emissions.
The company said it recognises the challenges of climate change and the objectives of the Paris Agreement, and acknowledges the roles energy companies play in reducing greenhouse gas emissions.
Cooper Energy Managing Director David Maxwell said the company is voluntarily managing its emissions footprint based on its values as a domestic gas supplier, driven by care and the recognition of supporting environmental sustainability.
“Our strategy is focused on producing natural gas for southeast Australia, in southeast Australia,” said Mr Maxwell.
“This means our operations have a comparatively low level of emissions intensity which may otherwise exist with long pipeline transmission.
“We saw an opportunity to completely offset our emissions well ahead of 2050 and we took it.”
Mr Maxwell added Cooper Energy plans to fully offset its carbon emissions annually as it recognises the long-term benefits to the business, environment and communities where it operates.
The South Australia Chamber of Mines and Energy (SACOME) has welcomed the company’s announcement and applauds its socially and environmentally progressive objective of being Australia’s first carbon-neutral domestic gas producer.
SACOME CEO Rebecca Knol said the objective is a proactive approach to meeting environmental responsibilities.
“Gas is and will remain an important fuel source for the foreseeable future,” she said.
“Cooper Energy’s approach provides a useful template for better balancing production, energy affordability and reliability, and necessary environmental outcomes.”
For more information visit the Cooper Energy website.
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