Welcome!

News Feed Item

Equitable Origin Forms Partnership with Colombia's Country Brand to Bring Social and Environmental Standards to the South American Nation's Oil and Gas Industry

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

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...