Daily Banking News
$41.60
+0.51%
$158.78
+0.8%
$60.77
+0.63%
$31.47
-0.13%
$249.65
+0.91%
$360.17
+0.71%
$74.15
+0.59%
$97.73
+0.86%
$70.05
+0.3%
$2.54
-0.59%
$20.22
-0.1%
$70.06
+0.89%
$64.61
+0.58%

Jersey Oil and Gas PLC introduces Carbon Policy as it seeks to be a ‘sustainable


“We understand that responsibly sourced hydrocarbons will be fundamental to a successful global energy transition ensuring vital energy supply during the period,” said Andrew Benitz

() has introduced a Carbon Policy that sets out its commitments relating to the management of carbon emissions, low-carbon targets and initiatives.

The policy confirms the company’s commitment to risk-managed growth, which will involve reducing its carbon footprint to the lowest possible levels, it said in a statement.

JOG said it aims to position itself as an oil and gas company that’s leading in the energy transition on the UK continental shelf.

“We understand that responsibly sourced hydrocarbons will be fundamental to a successful global energy transition ensuring vital energy supply during the period,” said Andrew Benitz, Jersey Oil chief executive.

“JOG is committed to differentiating itself as a sustainable and responsible 21st-century energy company. This Carbon Policy is central to the delivery of that ambition.”

The company noted that the policy applies to all of its assets and potentially any assets it acquires in the future.

It intends that Scope 1, Scope 2 and material Scope 3 emissions will be identified through the scrutiny of JOG’s operational activity both offshore and onshore, including its supply and customer chains as the company grows.

Emissions will be recorded and reported in line with all applicable UK emissions related legislation.

The company said that all existing JOG operations will aim to be carbon neutral from the point of first oil for Scope 1 and 2 emissions.

Additionally, the company said it plans to source the largest possible percentage of renewable power in the energy mix when electrifying from shore.



Read More: Jersey Oil and Gas PLC introduces Carbon Policy as it seeks to be a ‘sustainable

Get real time updates directly on you device, subscribe now.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.