Photo supplied by Seven Generations Energy

By Curtis Galbraith

Energy Business

Seven Generations President and CEO calls Energir deal “A very important step.”

Feb 12, 2020 | 2:37 PM

The head of Seven Generations Energy says the company was open to the scrutiny that led to a new deal to supply natural gas to Quebec’s main distributor.

The deal with Energir came about after Seven Generations achieved an international certification called the Standard for Responsible Energy Development.

The Pembina Institute and a company called Equitable Origins were also part of the process.

Seven Generations President and CEO Marty Proctor calls this a very important step.

“Achieving that standard is recognition that we have been developing the resources that belong to the people of Alberta, we’ve been developing those resources responsibly. For Energir, it’s recognition that they can go to their customers and say ‘We all care about responsible development. We all care about the environment. We care about greenhouse gas emissions and we’re going to a company that cares as well.'”

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This certification process goes through what are termed environmental, social, and governance best practices. That includes everything from potential impacts on water, air, and wildlife, to labour and working conditions. This is done through site assessments and discussions with various stakeholders.

Proctor adds his company has been “very proactive in securing access to diverse markets.”

“Where we can get the best possible pricing for our commodities and where we can actually diversify so that we have a little bit of risk protection in the event that some markets are not as good as others at times. For us, this step is another important step in further diversity so we’re able to get our gas to, I think, a very important customer.”

He adds that over the last five years, Seven Generations has spent more than $10-billion on building wells and facilities and intends to continue investing in Alberta.

“These are challenging times. We aren’t able to invest at a level that we did before. It’s difficult to grow the company now when there are egress challenges, there are challenges around curtailments. We’re doing the best we can to maintain employment in Grande Prairie while serving all of our stakeholders, including the capital providers.”

Proctor can’t say if this deal will lead to new jobs or wells, but the company will be paid a premium. That money will go into a sustainability fund that he hopes generates more investment in the Peace Country.