Canacol Energy Ltd. - President & CEO, Charle Gamba.
President & CEO, Charle Gamba.
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  • Canacol Energy Ltd. (CNE) has made progress with its environmental ESG strategy and 2021 ESG integrated report
  • The company is on track to reduce Colombia’s emissions by 51 per cent for 2030
  • Canacol also increased its solar energy usage by 32 per cent
  • A long-term strategy to divert over 34 per cent of total direct landfill waste is now in place
  • Canacol Energy Ltd. (CNE) is up 2.13 per cent trading at $2.63 per share as of 3:02 p.m. ET

Canacol Energy (CNE) reports progress with its environmental ESG strategy and 2021 ESG integrated report.

In Colombia, the company is following through on its commitment to contribute to the country’s goal of reduction of emissions of 51 per cent by 2030.

Canacol stated it currently an industry leader for being one of the cleanest oil and gas producers in Colombia and North America with emissions that are, on average, 80 per cent lower than competitor producers.

“As the world navigates the complexities of climate change and other political and economic challenges, we continue to believe in the vital role natural gas has to play in displacing more carbon-intensive energy options,” Charle Gamba, President and CEO of Canacol, said.

Canacol also increased its solar energy usage by 32 per cent by installing new systems in all of its recently built well sites and at some of its main offices.

“Our ambition is to continue to lead the oil and gas industry in Colombia in terms of suppling the increasing energy demands of Colombians while reducing carbon emissions, exploring avenues for renewable energy generation, fostering national energy self-sufficiency, and catalyzing the growth and development of Colombia’s economy and its people,” Gamba said.

The company has also developed a long-term business strategy to divert more than 34 percent of total direct waste from landfills to achieve a zero-waste certification.

Canacol Energy Ltd. (CNE) is up 2.13 per cent trading at $2.63 per share as of 3:02 p.m. ET.

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