Talos Energy Releases 2021 ESG report | Texas News | inforney.com inforney.comTalos Energy Releases 2021 ESG report | Texas News | inforney.com inforney.com
Impact Investing Forum 2023
London. May 04-05, 2023.
HOUSTON, December 27, 2021 /PRNewswire/ — Talos Energy Inc. (NYSE TALO) (“Talos”) published today its second annual environmental and social governance (“ESG”) report to stakeholders. This report highlights the Company’s continued focus on environmental, safety, and health, as well as positive impacts on employees and communities. It also highlights solid governance practices and solid governance practices. Talos has significantly increased the volume of disclosures and clarified alignment to industry standards in this year’s report.
From the 2018 baseline, a long-term goal of 30% reduction in greenhouse gas emissions (“GHG”) intensity by 2025 was established. A 40% reduction stretch was added recently
Zero hydrocarbon releases greater than one barrel, and less than three-fourths off one barrel from more than 23 million gross operated barrels oil equivalent (“MMBoe”); Talos has been in operation for over 1,000 days with no offshore release of more than one barrel.
3,000,000 man hours were worked, with a 50% and 99% reductions in total recordable incidents rates (“TRIR”), and lost time incident rate (“LTIR”), respectively, compared to the 2018 baseline
Houston Chronicle Top Workplace, 9th consecutive year
To allow for better oversight and management of ESG activities, including those that are related to climate change, the Board of Directors’ Safety Committee was renamed to the Safety, Sustainability and Corporate Responsibility Committee.
Increased ESG-related performance to 20% of the total annual incentive plan
Timothy S. Duncan, Talos’ Chief Executive Officer and President, commented that it was a proud moment to publish our second annual ESG Report. Our goal each year is to improve the quality and standard of our reporting, while focusing on key metrics that strengthen our responsibility as corporate citizens. We believe that the Gulf of Mexico is an important part of the global energy story. It is a basin where vital resources that fuel our daily lives can safely be developed and with the lowest carbon footprints. This report contains many positive aspects that our employees are proud of, including our safety record and environmental record, community involvement, and the culture we have created as Top Workplace for nine consecutive years. We have transformed from being one of the largest independent energy producers in the Gulf of Mexico into a total energy solutions company that focuses on both energy production as well as industrial carbon capture and storage. We are excited about the future of our industry.
ABOUT TALOS ENERGY
Talos Energy (NYSE TALO) a technically driven independent exploration company that aims to maximize long-term value. Its operations are currently in the United States and off-shore Mexico. Upstream, it is involved in oil and gas exploration, production, and downstream, it is involved with the development of future carbon capture, storage, and storage opportunities. We are one of the largest independent producers in the Gulf of Mexico and we use decades of operational and technical expertise to acquire, explore, and develop assets in key geological trends found in many offshore basins. We are focusing on environmental stewardship and using our expertise to explore industrial emission reduction opportunities through our carbon capture-and-storage initiatives along the U.S. Gulf Coast. Visit www.talosenergy.com for more information.
TALOS ENERGY INVESTOR RELATIONS CONTACT
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This communication may contain “forward looking statements” within Section 27A of Securities Act of 1933, as modified (the “Securities Act”) and Section 21E of Securities Exchange Act of 1934. Forward-looking statements include statements that are not historical facts and which relate to our strategy, future operations and financial position, projected revenues and losses, projected costs and prospects, plans and objectives. Forward-looking statements are identified by the words “could”, “believe”, “estimate,”” “intend,” and “estimate,” as well as “expect,” and similar expressions, when they are used in this communication. However, not all forward-looking statement contain these identifying words. These forward-looking statements are based upon our current expectations and assumptions regarding future events. They are based upon currently available information about the outcome and timing.
These forward-looking statements involve risks and uncertainties that are hard to predict and are often out of our control. These risks include, among others, our ESG performance, results, and the success of CCS business, as well as the impact of the coronavirus virus 2019 (“COVID-19”) on global demand for oil. We also have to consider the ability or willingness of the Organization of Petroleum Exporting Countries (“OPEC”) to set and maintain oil production levels. We also have to consider the impact of governmental actions and measures on global oil demand.
If any of these risks occur or if underlying assumptions prove to be incorrect, our actual results or plans could differ materially. This cautionary statement expressly qualifies all forward-looking statements, implied or expressed, in full. This cautionary statement should be considered in conjunction with any future forward-looking statements we or others may issue. Except as required by law, we are not obligated to update any forward-looking statement to reflect changes or circumstances after the date.
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SOURCE Talos Energy