Achieving Results in Sustainable Development

Sustainability Performance

Vesta strives to always do the right thing, each and every day. From emissions reduction initiatives to relationships with external communities, we do our utmost to live up to the promise of being better both environmentally and socially – for ourselves and for our neighbours.

Environmental Stewardship

Vesta is at the leading edge of low emissions intensity oil production in our industry. We set hard targets, and have consistently exceeded them resulting in peer leading performance with over 40% reduction in our Scope 1 emission intensity in the last three years. We strive to reduce our carbon footprint at every opportunity by focusing on connecting our worksites to the Alberta electrical grid as opposed to using portable combustion generators, replacing the usage of diesel with cleaner-burning natural gas, and eliminating methane venting through retrofitting zero-methane venting pneumatics and capturing tank vent vapours. Furthermore, we take stewardship over the land we operate on seriously by utilizing recycled non-potable water for hydraulic fracturing and returning areas of our well sites back to agricultural use once well production is on stream.

Environmental Stewardship

Vesta is at the leading edge of low emissions intensity oil production in our industry. We set hard targets, and have consistently exceeded them resulting in peer leading performance with over 40% reduction in our Scope 1 emission intensity in the last three years. We strive to reduce our carbon footprint at every opportunity by focusing on connecting our worksites to the Alberta electrical grid as opposed to using portable combustion generators, replacing the usage of diesel with cleaner-burning natural gas, and eliminating methane venting through retrofitting zero-methane venting pneumatics and capturing tank vent vapours. Furthermore, we take stewardship over the land we operate on seriously by utilizing recycled non-potable water for hydraulic fracturing and returning areas of our well sites back to agricultural use once well production is on stream.

Social Engagement

Engagement and collaboration with our local stakeholders is vital to Vesta’s continued success. We focus on minimizing any disturbance caused by our activities. We are mindful of noise impact and install sound abatement wall paneling to help reduce noise levels. We impose reduced speed limits on vehicles using public roads during periods of increased traffic to and from our worksites. We implement dust control on gravel roads and perform an annual roadside clean-up program that has covered over 350km of roads collecting over 350 bags of garbage in the last three years.

Vesta operates primarily in the Lacombe and Red Deer areas and supporting communities and causes in these areas is important to us. Since we began operations, we have invested over $300,000 into local programs and events, including 4-H Clubs, Family and Community Support Services, youth sports and arts programs, public libraries, local walking trail societies, and food banks.

“By providing a water truck for dust control on the gravel roads, and supplying a grader to repair ruts and washboard, [Vesta has] made a significant improvement to the conditions of our local roads.”

– Letter from a Lacombe County resident

Ethical and Transparent Oversight

We are committed to a high standard of business conduct and ethics in our business practice. Vesta maintains strong Board oversight with three committees (Reserves, HSE & Sustainability; Audit; Compensation & Corporate Governance) that report to the Board.

We have established a hotline operated by an independent service provider – ConfidenceLine – which provides an avenue to communicate and resolve sensitive issues. Any information provided through the ConfidenceLine shall be kept confidential, with only those involved in the investigation receiving limited details. The number for the ConfidenceLine is (800) 661-9675 and the web portal is www.vestaenergy.confidenceline.net.

Ethical and Transparent Oversight

We are committed to a high standard of business conduct and ethics in our business practice. Vesta maintains strong Board oversight with three committees (Reserves, HSE & Sustainability; Audit; Compensation & Corporate Governance) that report to the Board.

We have established a hotline operated by an independent service provider – ConfidenceLine – which provides an avenue to communicate and resolve sensitive issues. Any information provided through the ConfidenceLine shall be kept confidential, with only those involved in the investigation receiving limited details. The number for the ConfidenceLine is (800) 661-9675 and the web portal is www.vestaenergy.confidenceline.net.

ESTMA Reporting

The Extractive Sector Transparency Measures Act (the ‘Act’) requires companies in the business of commercial development of crude oil, natural gas, and minerals to publicly disclose on an annual basis specific payments made to all governments in Canada and abroad.

ESTMA Reporting

The Extractive Sector Transparency Measures Act (the ‘Act’) requires companies in the business of commercial development of crude oil, natural gas, and minerals to publicly disclose on an annual basis specific payments made to all governments in Canada and abroad.

Open and Transparent

If you have any questions, concerns, or suggestions as to how we can improve our environmental performance or our relationships in the community, we encourage you to reach out today.