Anyone who drives a car has noticed by now that gas prices have dropped dramatically in the last several months, a result of falling global oil prices. But, while that is good for our wallets, it may not be good for the communities and ecosystems surrounding oil developments worldwide.
After several years of mostly stable oil prices around $110 per barrel, prices began to drop in mid-2014. The price per barrel of crude oil has now fallen below $50 for the first time since May 2009, a result of lower global demand brought on by weak economic growth and increases in production in the United ...> Read more
Equitable Origin’s EO100 Standard for responsible oil and gas development will be a touchstone for discussions on energy development practices between Mexican and Canadian trade representatives this year, according to an official document.
The two nations’ shared energy interests was an area of focus at the September 2014 meeting of the Canada-Mexico Partnership’s Trade Investment and Innovation (TII) Working Group in Calgary, Canada. One particular shared interest identified at the meeting was the need for clear benchmarks for social and environmental performance in energy development. In that context, the two delegations discussed the EO100 Standard and the first EO-certified site in Colombia, operated by the Canadian firm Pacific Rubiales Energy (PRE). The outcome of the discussion was a resolution to invite PRE representatives to the 2015 TII meeting in Mexico so the company could share its experiences with ...> Read more
EO landed on the front page of the leading sustainable business media outlet GreenBiz.com this week. GreenBiz Chairman and Executive Editor Joel Makower interviewed EO President and Co-Founder David Poritz about EO's mission, the EO100 Standard, and what needs to happen for the Equitable Origin System to successfully improve social and environmental practices in the oil and gas industry.
Makower's article is titled "Equitable Origin: Can this 20-something clean up drilling and fracking?" Although EO currently only certifies "conventional" (the simplest methods of drilling) oil and gas operations, the company is currently developing additional guidelines to supplement the current version of the EO100 Standard that would address the many social and environmental impacts of shale oil and shale gas development operations, nearly all of ...> Read more
The independent podcast series What Now examines the world's most pressing social and environmental problems through interviews with the innovative people trying to solve them. EO's President and Co-Founder David Poritz talked with What Now's host Ken Rose last week, and the product is the December 30th episode of the podcast, available for streaming on the What Now website and for download from iTunes.
Rose requested an interview with Poritz after attending the Amherst, Massachusetts screening of "Oil and Water." The in-depth interview covers many topics related to Equitable Origin's work, including the company's challenging position in the "middle" of the debate over oil and gas development, between environmentalists and ...> Read more
Equitable Origin’s VP of Standers & Stakeholder Engagement, Soledad Mills, was a guest speaker at the 13th annual Aboriginal Oil and Gas Forum in Edmonton, Alberta in late November. The conference brought diverse groups of stakeholders together to discuss new opportunities and platforms for indigenous communities to participate in oil and gas development in northern Canada. Aboriginal chiefs, representatives, and associations came together with oil and gas executives, site managers, and developers as well as lawyers, environmental consultants and other experts for an inclusive dialogue on how to ensure indigenous interests served through the new policies and frameworks around extractives in the region.
Soledad presented on Day 1 during ...> Read more
Equitable Origin has received its first official complaint, from the U.S. labor organization AFL-CIO. Submitted in the form of a letter addressed to EO’s former Chief Executive Officer Stephen Newton (now a member of EO’s Board of Directors), the complaint included claims of practices at the certified Quifa and Rubiales oil fields operated by Pacific Rubiales Energy (PRE) that violate EO100 provisions for fair labor and working conditions. EO´s Vice President of Standards and Stakeholder Engagement Soledad Mills has acknowledged receipt of the letter and has initiated internal processes to investigate the concerns it raises. Honoring labor rights and fair and lawful treatment of workers is part of the foundation of the EO100 Standard, and ...> Read more
The section of the Amazon Jungle in the Peruvian state of Madre de Dios has come to be a focus of international attention as sizable oil and natural gas reserves have made the region the site of likely development activity in the near future. On top of what could be the largest oil and gas reserves in Peru sit natural areas (comprising several national parks and national reserves) that are rich in biodiversity and the ancestral lands of numerous indigenous communities. Concerned about social disruption and environmental damage from oil and gas development, indigenous groups in Madre de Dios contacted EO through the Ecuador-based Indigenous ...> Read more
Great news: we've extended the public comment period for the EO100 Standard!
We've received hundreds of comments on the standard since the public comment period opened in October, but wanted to give all those who intended to make comments but didn't quite make the December 5th deadline a second chance. The period will now close on Friday December 12th.
Public review and comment on the EO100 Standard is an essential component of EO's transparent operations and the maintenance of an effective and up-to-date standard. A stronger and more current standard raises the bar even higher for responsible social and environmental practices by oil and natural gas producers.
You can participate right now by using the EO Consultation Tool to review the EO100 Standard, like/dislike specific provisions, and submit suggestions for how to make it more ...> Read more
EO representatives traveled to the University of South Carolina (USC) on November 21st to meet with students, faculty and administrators about the EO system and how schools like USC could participate in improving oil and gas production practices. Along with certifying responsible oil and gas production sites under the EO100 Standard, a main goal of the EO System is to connect conscientious consumers of oil and gas products to certified-responsible sites. EO Certificates serve as the mechanisms for this connection--each EO certificate represents one barrel of crude oil (or barrel of oil equivalent) produced at a certified-responsible site. Certificate purchases serve as a market signal that consumers support responsible production practices and prefer products make with responsibly-produced ...> Read more
The Northampton International Film Festival recently published this interview of EO President David Poritz by Glenn McDonald on the festival's red carpet. The festival ran from October 10th to 12th this year, and "Oil and Water", the documentary featuring Poritz, won the jury and audience prizes for Best Documentary.> Read more