Paramount Energy Trust is committed to achieving a high standard of safety and environmental stewardship throughout all phases of its operations. This is a commitment to take all reasonable care to protect the environment and the safety of employees, contractors, and the public, in adherence with all applicable legislation. To accomplish this goal, we will endeavour to:
- Make environmental protection and safety consciousness a consistent component of the corporate decision making process by acknowledging and being sensitive to potential environmental impacts and workplace hazards associated with our operations and take prudent actions to minimize both the impacts and hazards;
- Provide procedures and resources necessary to ensure employees receive a level of environmental and safety training;
- Take a proactive approach towards project management that recognizes the benefits of loss control and environmental protection as well as the full cycle costs associated with environmental alterations and reclamation;
- Be prepared to respond safely and effectively to emergencies in order to minimize any adverse environmental impacts;
- Participate by supporting industry initiatives and organizations, in the creation of responsible policies, regulations and industry standards which are designed to protect workers, asset loss and the environment;
- Repair environmental damage which occurs as a result of our business activities, and assess risk at the workplace to prevent loss; and
- Continually monitor our operations and facilities and seek ways to improve our safety and environmental performance.
Paramount Energy Trust has in place a Health, Safety and Environmental Committee of the Board of Directors composed of a majority of non-management directors of the Trust. The tenet of this Committee's safety and environmental policies is to protect the environment, maintain public health and safety, and comply with all applicable health, safety and environmental laws, regulations and standards.
The principles that guide the maintenance of these policies apply to all employees of PET. The Trust monitors all activities and makes reasonable efforts to ensure that companies who provide services to PET will operate in a manner consistent with its safety and environmental policies.
PET's safety record continues to improve as the Trust emphasizes safe work practices in every element of its operations, including vehicle operation. With rigorous reporting procedures, all incidents, ranging from near misses to reportable accidents, are tracked and analyzed. Regular safety meetings and procedures proactively raise awareness of the many vaired workplace hazards. Ongoing training, both formal and informal, serves to prepare our employees and service providers to take individual responsibility for their safety and the safety of co-workiers, further increasing awareness and establishing safe work procedures with a focus to risk assessment and loss prevention.