Our Purpose is Our Promise–and Our Competitive Edge
To become a B-Corp, you go through a rigorous assessment process – sound familiar? Yep, like our customers, we also measure what matters. We measure and track our impact on workers, community, environment, governance, and customers. Impact requires focus and persistence. Our Project Canary: Impact program is designed to put our expertise, mission-driven leadership, and philanthropic dollars to work.
The Triple Promise.
Since the birth of the Industrial Revolution, large corporations have contributed a staggering amount of pollution to the environment, which has been a key driver of climate change. While businesses have historically been the greatest contributors to climate change, they also hold the keys to driving positive change. Many business leaders are now recognizing their responsibility to do so.
This is a business’s societal impact or its commitment to people who are either shareholders or stakeholders. Without each other, our communities, our customers, and our investors, there wouldn’t be 50 people thinking about how to measure and mitigate emissions to help heal our planet from Project Canary HQ every day.
Encourage and support purpose-driven leaders to effect positive change in the world without hampering financial performance. In fact, most innovation comes from high-velocity for-profit enterprises. Sustainability-minded innovation is here to stay.
Civitas x Project Canary: Impact P&A for ORPHANED WELLS
Orphaned wells that are left unplugged or improperly plugged can emit dangerous greenhouse gases, such as methane and VOCs in perpetuity. These wells have a significant impact on the climate and produce no energy. According to the Colorado Oil & Gas Conservation Commission (COGCC), Colorado has approximately 410 total orphaned wells. Plugging abandoned wells is one of many important ways to accelerate Colorado’s commitment to reducing statewide greenhouse gas pollution by 26% by 2025, 50% by 2030, and 90% by 2050 vs. 2005 levels.
These wells represent a quick win for the environment – they produce no energy, they benefit no one. As part of our commitment to driving real, measurable, and practical solutions to climate change, Project Canary has partnered with Civitas to help voluntarily plug 42 wells around the state of Colorado. We’ll be providing TrustWell engineering services to these 42 wells and installing continuous monitoring devices to establish the emissions profiles of the wells. Once proper P&A activities are complete, our devices will remain on-site to ensure that emissions stay in the ground.
Responsible environmental stewardship requires action. This is just a first step in a process that will require hard work, dedication, and partnership between the industry and the state. There’s more to come, watch this space for updates.