Ranger Acquisition Overview and Canada Light Oil Update
OUR ESG SCORECARD
Continual improvement is an important element of our
culture. We set short and long-term targets to address our
impact on air, water, land, and people
OUR TARGETS
CO₂
2022 PROGRESS
LOOKING FORWARD ✓
GHG EMISSIONS
By 2025, reduce our emissions intensity
by 65% (Scope 1 and Scope 2) from our
2018 baseline.
Reduced our emissions
intensity by 59% compared
to our 2018 baseline, achieving
90% of our reduction target.
Invested $7 million
in our first dedicated
GHG mitigation budget.
Developed our
GHG Emissions
Reduction Framework.
>> Complete our 2025 reduction target.
>> Implement site designs that minimize routine
venting in our new development areas
(Peavine Clearwater and Duvernay).
» Define our emissions reduction pathway and
set a 2030 reduction target.
LAND STEWARDSHIP
Restore our entire 2020 end-of-life well
inventory through our "4,500 Wells to
Zero by 2040" initiative, returning these
sites to their pre-disturbance condition.
Completed 379 well
abandonments - the most
in company history.
Spent more than $22 million
on abandonment and
reclamation activities
(including government
grant funding).
WATER USE
Develop a Water Management Framework
that prioritizes reducing freshwater use.
Utilized non-fresh water
sources for 25% of
completions water.
Started developing our
Water Management
Framework.
>> Continue restoring end-of-life wells to meet
our 2040 target.
» Invest $100 million in reclamation activities
from 2022 to 2026, or approximately
$20 million per year.
» By 2025, implement our Water Management
Framework across all high-risk regions.
ENGAGEMENT AND DIVERSITY
By 2022, expand our baseline to include
multiple dimensions of diversity and
enhance our processes to measure
employee engagement.
O
Included self-reporting of
gender identity, disability
status, and racial/ethnic
identity in our employee survey.
Exceeded our 30%
commitment with 33% of
directors being women at our
2023 shareholder meeting.
Completed second annual
employee survey.
>> Continue surveying our employees annually
and reporting on the gender diversity of
our workforce.
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