|By PR Newswire||
|August 26, 2013 03:41 PM EDT||
NEW YORK and BOGOTA, Colombia, Aug. 26, 2013 /PRNewswire/ -- Equitable Origin (EO), the first stakeholder-based, independent social and environmental certification for the oil and gas industry, has formed a landmark partnership with Colombia's Country Brand, to promote certification of Colombia's oil and gas production under the EO100™ Standard. The EO100™ Standard is part of the Equitable Origin™ System, which combines a certification standard with a certificate-based market mechanism to reward leadership in corporate social responsibility in the oil and gas industry and provide choice in the marketplace. The goal: to ensure more responsible production practices, to significantly reduce harm to ecosystems, and to create a positive experience for local communities in oil and gas development activities.
"We applaud the country brand's office for its leadership and commitment to promoting the highest social, environmental, ethical, and good governance standards in Colombia's development of oil and gas resources," said David Poritz, Equitable Origin Founder and Co-President. "By advocating EO's market-based mechanism to incentivize and reward best practices in the industry, Colombia is leading the next frontier of responsibility in the oil and gas industry."
"Equitable Origin has identified and developed an effective solution to bridge the gaps between the world's continuing requirement for oil, gas and their derivatives, the needs of communities and individuals affected by exploration and production activity, and the social conscience of consumers," said Claudia Hoyos, Chief Executive Officer of the Colombia Country Brand Office. "We applaud Equitable Origin in its work to ensure that Colombia's natural resources are developed under the world's highest social, environmental and good governance standards, while promoting Colombia as leading the push for the responsible production and consumption of a resource so vital to our daily lives."
Colombia currently produces over a million barrels of oil and 1.1 billion cubic feet of natural gas per day, and is considered an emerging oil and gas-producing nation with about 2 billion barrels of proven crude oil reserves and 4.7 trillion cubic feet of proven natural gas reserves in 2012.
The EO100™ Standard is based on six universal principles that consolidate and align regulations, globally recognized management system elements, performance, and reporting programs. Oil and gas sites are certified to the EO100™ Standard by accredited third-party auditors who use a multi-attribute scoring system that encourages excellence and continual improvement. Sites that meet a certain level of performance to the EO100™ Standard receive certificates – based on their score and certified production volumes – which can be traded to manufacturers, retailers, and other buyers through the EO Exchange. These "buyers" can then make claims in the marketplace or use EO's Ecolabel on their products to demonstrate their commitment to responsibly sourced oil and gas.
Similar to certification programs in other industries, such as forestry, fishery and agriculture, Equitable Origin is creating a new marketplace for responsibly produced oil, gas, and petroleum-based products akin to FairTrade Certified coffee, Forest Stewardship Council Certified wood and paper products, and GreenPalm Certified palm oil.
The EO™ System was created through an unprecedented collaboration with oil and gas producers, social and environmental focused NGOs, indigenous communities, academics, and national governments who share the common goal of improving social and environmental conditions in the communities where oil and gas activities take place and promoting responsible oil and gas production as a positive force for sustainable and equitable development. It is an innovative approach that has no existing equivalent.
"With an operation in Bogota, Equitable Origin has made a significant commitment to working in Colombia over the long term," said Equitable Origin CEO Stephen Newton, who is based in the Bogota office. "Having an established presence on the ground as we work with oil and gas producers in this region to adopt the EO100™ Standard is critical to success. The industry has the technology to ensure minimum impact operations. This must be coupled with an increasing awareness of the need to enhance all aspects of social responsibility if the extraction of oil and gas is to continue to be viable."
About The Colombia Country Brand
The Colombia Country Brand is a competitiveness strategy of the national government aimed at telling the world that Colombia is a modern, safe, free and equalitarian country with strong institutions and great opportunities for investors and tourists alike. To learn more, please visit: www.colombia.co
About Equitable Origin
Equitable Origin (www.equitableorigin.com) is an innovative stakeholder-based certification system for the oil and gas industry that promotes higher social and environmental standards, greater transparency, and more accountability in oil and gas exploration and production. The company is located in Bogota, Colombia; Quito, Ecuador; and New York City.
SOURCE Equitable Origin
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Mar. 26, 2017 11:00 AM EDT Reads: 2,185
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
Mar. 26, 2017 11:00 AM EDT Reads: 2,582
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
Mar. 26, 2017 10:45 AM EDT Reads: 609
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Mar. 26, 2017 10:30 AM EDT Reads: 1,297
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
Mar. 26, 2017 10:15 AM EDT Reads: 3,002
SYS-CON Events announced today that SD Times | BZ Media has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and commercial UAV markets.
Mar. 26, 2017 09:30 AM EDT Reads: 4,283
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Mar. 26, 2017 09:15 AM EDT Reads: 1,953
Now that the world has connected “things,” we need to build these devices as truly intelligent in order to create instantaneous and precise results. This means you have to do as much of the processing at the point of entry as you can: at the edge. The killer use cases for IoT are becoming manifest through AI engines on edge devices. An autonomous car has this dual edge/cloud analytics model, producing precise, real-time results. In his session at @ThingsExpo, John Crupi, Vice President and Eng...
Mar. 26, 2017 09:00 AM EDT Reads: 3,879
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
Mar. 26, 2017 08:15 AM EDT Reads: 2,889
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
Mar. 26, 2017 08:15 AM EDT Reads: 2,994
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
Mar. 26, 2017 08:15 AM EDT Reads: 2,698
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Mar. 26, 2017 08:00 AM EDT Reads: 4,176
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
Mar. 26, 2017 05:15 AM EDT Reads: 6,171
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, provided the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” used open source attack tools that are free and available for download by anybody. Attendees learned where to find and how to operate these tools for the purpose of testing their own IT infrastructure. The...
Mar. 26, 2017 03:30 AM EDT Reads: 7,312
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Mar. 26, 2017 03:30 AM EDT Reads: 3,880