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Calgary, Alberta – December 20, 2022 – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) is pleased to announce the release of its third annual Sustainability Report, outlining the Company’s progress on environmental, social and governance (ESG) practices in 2021 and early 2022 and how these factors help guide Tamarack’s strategy. The Company has made significant advancements on commitments and goals related to the focus areas of ethical governance; stakeholder engagement; biodiversity and water management; and emissions management.
“We are pleased with the continued evolution of our ESG program in the last two years” said Brian Schmidt (Aakaikkitstaki), Tamarack’s President and CEO. “This report highlights how Tamarack continues to be a leader in responsible development with a focus on the environment, while simultaneously strengthening Indigenous and stakeholder relationships. We have further demonstrated our commitment to accountability and transparency through the utilization of sustainability linked debt. We remain committed to ensuring long-term sustainability while driving positive results for shareholders, our communities and the environment.”
Highlights of Tamarack’s 2022 Sustainability Report include:
We acknowledge the two tragic contractor fatalities that occurred on November 12, 2022. The Tamarack family is deeply saddened by this tragedy and extends our deepest sympathies to the families of these individuals. Tamarack is taking this event very seriously and conducting a full investigation to identify all causes and further preventative measures to implement in our safety program.
Tamarack’s 2022 Sustainability Report covers performance metrics for the 2019 to 2021 calendar years and aligns with guidance set forth by the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosure (TCFD) and the Global Reporting Initiative (GRI) with consideration for the United Nations Sustainable Development Goals (UN SDG).
The full Report can be accessed through the Company’s website at www.tamarackvalley.ca.
About Tamarack Valley Energy Ltd.
Tamarack is an oil and gas exploration and production company committed to creating long-term value for its shareholders through sustainable free funds flow generation, financial stability and the return of capital. The Company has an extensive inventory of low-risk, oil development drilling locations focused primarily on Charlie Lake, Clearwater and EOR plays in Alberta. Operating as a responsible corporate citizen is a key focus to ensure we deliver on our environmental, social and governance (ESG) commitments and goals. For more information, please visit the Company’s website at www.tamarackvalley.ca.
For additional information, please contact:
President & CEO
Tamarack Valley Energy Ltd.
VP Finance & CFO
Tamarack Valley Energy Ltd.
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