88 Energy ESG Reporting
This progress will be reported in our quarterly reports on AIM and the ASX, and on our website, and the first baseline report is available here:
The Company has recently completed the drilling of the Merlin-1 Well, and will assess the diesel usage from operation with it’s contractors. This is the main source of emissions from 88 Energy’s operations.
88 Energy is currently reviewing carbon offset opportunities, and plan to implement a carbon offset program before the end of 2021.
The recent drilling operation also used water, however the Company has assessed this as minimal.
- Cash contributions to various levels of Government in the of annual fees, bonuses and rents that are payable to state and federal agencies.
- Capital investments made in the country in which exploration and appraisal activities occur. 88 Energy strives to use local Alaskan contractors in its operations.
- Support provided to the local organisations and agencies.
The Company is constantly reviewing this area with a view to improving its corporate governance processes. Relevant new or updated policies adopted will be placed on the website.