Effective management of our environmental impact and meeting our asset retirement obligations are important in limiting our exposure to regulatory and liability costs, as well as reputational risk.
It is our obligation to return the ecosystem to its original, fully functioning ecological state. We conduct our business with the understanding that the land we occupy is shared and leased from citizens of Alberta.
In addition to minimizing our operational footprint we take measures aimed to maintain ecosystem health and support wildlife species throughout the landscape.
To strengthen our efforts in responsibly developing and protecting the land, MEG has established the following targets:
Transforming abandoned wells to reclamation status
We strive to bring all abandoned wells to reclamation status within 5 years.
$300,000 investment in caribou habitat restoration
We are committed to investing at least $300,000 in annual caribou habitat restoration efforts between 2021 and 2025.
2021 ESG Report
Read more about our performance in our 2021 ESG Report.