Project Canary, the leading natural gas certification firm, and The Center for Energy Water Sustainability (CEWS) at Colorado State University have established the oil and gas industry's first standardized freshwater reporting framework and metrics. Freshwater acquisition and management are a critical part of the well completion process, and this framework enables and encourages producer efforts towards freshwater stewardship, an important component of a responsibly sourced gas (RSG) certification program.
The new reporting framework centers around responsible freshwater use and mitigation efforts and allows producers to differentiate their performance relative to water use. Companies reusing or recycling water in their operations will be considered more responsive to ESG objectives, thereby encouraging sustainable water practices.
"Project Canary's vision to bring accurate and independent ESG certification to the oil and gas water space is transformative. Working to bring elevated water stewardship to oil and gas operations has been very rewarding for our team, and we are excited to roll out the program to more regions of the country," said Dr. Ken Carlson, director of the CEWS.
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"The CSU team's dedication to sustainable operations aligns perfectly with the mission of Project Canary. The framework our teams developed exhibits the same engineering rigor contained within the TrustWell certification," said Josh Zier, Lead Certification Engineer at Project Canary. "Applying this freshwater-verified attribute to our TrustWell process allows leading operators to differentiate their ESG leadership."
As drought conditions worsen and water becomes an increasingly valuable commodity, particularly in areas of heightened water stress, operators must strive to reduce their impacts on groundwater and freshwater resources. The new program accounts for regions facing increased water stress through a localized methodology that provides for competitive water use, population, and drought severity.
The Freshwater Friendly Verified Attribute joins the Low Methane Verified Attribute to supplement the broader TrustWell by Project Canary Certification.
Source: Project Canary
Date: Aug 26, 2021
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