While increasing government regulation around GHG emission reductions and funding programs to support mitigation are the near term focus, as you can see by the illustration above, the Sustainability conversation is a lot more than emissions.
Let’s talk about the “Green Elephant” in the room; and for those of you that follow along not to be confused with our advisor Bertrand Groulx’s Verdazo blog post titled the “White Elephant In The Room”. According to S&P Global, Scope 1 and 2 emissions make up only 5-10% of producers’ GHG emissions. This means 90-95% of a Producers’ emissions are Scope 3. As our industry matures and technologies like Ambyint and Qube help producers manage and quantify Scope 1 and 2 emissions, scrutiny is already intensifying on Scope 3 emissions.
Waste Coordinator was designed to help producers quantify Scope 3 emissions as they move fluids (waste, produced water, flowback, emulsion etal.) to destination or disposal.
Waste Coordinator was developed to give operators complete transparency on every load. In 2019, through Alberta Innovates Digital Innovation in Clean Energy program we incorporated GHG emissions into our multivariate optimization algorithm that provides producers a platform to find the best option on every load. Waste Coordinator calculates the full cost of trucking, disposal, wait times, GHG costs using real-time market intelligence and predictive models to ensure your operations teams have the data they need to make the best decisions. For the first time, our platform allows producers to compare disposal, reuse, treatment and recycling options all while quantifying both reductions in cost and environmental impacts. We’ve consistently been saving our clients +15% on these costs which can have a large impact on both OPEX, GHG and waste volume reductions.