NRGBriefs: Atlantic LNG’s Carbon Abatement Plan

(Energy Analytics Institute, 29.Oct.2021) — Energy briefs including Atlantic LNG revealing its carbon abatement strategy; Brazil’s oil giant Petrobras reducing its gross debt load to $59.6bn in the 3Q:21; and more.

LATIN AMERICA AND THE CARIBBEAN

Colombia

GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) entered into and closed an deal for a $20mn loan facility w/ the Bank of Montreal, the co. announced 29 Oct. 2021 in an official stmt. The facility is available for general corp. purposes, acquisitions and to continue to advance co. projects including the previously announced preliminary economic assessments for the 100% owned Yellowknife Gold Project in Northwest Territories, Canada, São Jorge Gold Project in Pará State, Brazil and La Mina Project in Antioquia, Colombia.

Brazil

Petrobras reduced its gross debt load to $59.6bn in the 3Q:21, achieve its goal of reeling gross debt in and below the $60bn mark ahead of an earlier stated 2022 goal.

RELATED STORY: PETROBRAS REVEALS 3Q:21 FINANCIAL PERFORMANCE REPORT

Mexico

Sempra Foundation, founded by Sempra (NYSE: SRE) (BMV: SRE), has donated nearly $500,000 to Fundación Mozcalti to provide cleaner cook stoves to vulnerable and indigenous communities in support of energy access and emissions reductions in Mexico, Sempra revealed 28 Oct. 2021 in an official stmt. More than 20,000 people in 28 communities will benefit from the project, w/ about 2,400 households receiving cook stoves in the states of Baja California, Chihuahua, Morelos, Nuevo León and Puebla.

RELATED STORY: PEMEX RELEASES 3Q:21 FINANCIAL AND OPERATIONAL RESULTS

Trinidad and Tobago

Atlantic LNG is seeking to curb its GHG output via two work streams. The first stream of initiatives is addressing potentially 20% of emissions, and the second work stream concerns the larger portion of emissions, the co. announced 29 Oct. 2021 in a special rpt regarding its carbon abatement strategy dubbed “In Pursuit of Greener LNG.” Atlantic LNG also revealed it has four main emissions sources: combustion (93.5%), flaring (6%), fugitive (0.5%), and venting (~0%). Emissions comprise carbon dioxide, methane, nitrogen and sulphur oxides, as well as volatile organic compounds. However, CO2 from combustion is the dominant GHG in the emissions profile, the co. said in the rpt.

NORTH AMERICA

US

Albemarle Corp. (NYSE: ALB) said EcoVadis has awarded Albemarle gold-medal status for its sustainability commitment and results, Albemarle announced 28 Oct. 2021 in an official stmt. The award marks 6 consecutive yrs of gold status for Albemarle. The rating places the co. in the top 5% of more than 75,000 global companies assessed by EcoVadis.

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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.