IPC is a forward-thinking energy producer who takes responsibility seriously

Our mission is to generate long-term value for our shareholders while embracing sustainable practices that benefit the economy, the environment, and society.

Recognizing climate change is a global concern, we have made it a priority to mitigate the impact of oil and gas development by taking ongoing measures to actively reduce our greenhouse gas (GHG) emissions intensity.

Our climate strategy integrates climate risk considerations into our planning process, enabling us to proactively address the evolving challenges of both the industry and broader society.

We are committed to striking a balance between reducing emissions and ensuring the economic viability of our development activities.

Our primary objective is to meet the global demand for accessible and affordable energy while minimizing and offsetting emissions. The team at IPC understands the need for responsible operations and environmentally-friendly practices as a key contributor to a sustainable future.

See our latest Sustainability Report for further stories and examples of our climate action practices. Review our TCFD Report for further information and details on how we approach climate action.

Climate action


Reducing operational emissions

Through ongoing emission reduction initiatives, combined with investments in carbon offsetting projects, IPC maintains a heightened focus on mitigating our carbon footprint. Across each of our operated assets, we have an emissions inventory that accounts for 100% of the emissions within our reporting boundaries.


Spotlight on methane reduction

Methane emissions continues to be a pressing global challenge for oil and gas producers and is a top priority for IPC. We strive to implement initiatives and technologies that can reduce methane emissions across our operations with the goal of meeting, or where possible surpassing, regulatory requirements. Successful initiatives deployed to date include retrofitting and upgrading older equipment, which has resulted in an impressive methane emissions reduction of over 50% from the 2019 baseline.


Carbon offsetting

IPC is dedicated to emission reduction and transparent reporting through active participation in carbon offset generation and engagement in carbon markets. We secure carbon credits in the regulatory and voluntary markets, partnering with First Climate to offset a portion of our CO2 emissions. These efforts contribute to a more sustainable future by supporting forest preservation, the expansion of renewable energy, as well as clean cooking and access to safe drinking water in developing nations.

Reducing emissions in our operations

Environmental stewardship

IPC is committed to upholding high environmental standards in all of our operations. We prioritize the integration of environmental considerations into all stages of project planning and aim to minimize risks to the natural environment.

This includes carrying out environmental assessments, implementing continuous monitoring, and rehabilitating sites. We strive to use natural resources efficiently while recognizing the valuable ecosystem services they provide.

We track and report our emissions to air, water, waste and biodiversity, and seek to optimize natural resource use whenever operationally feasible. Our facilities operate in accordance with the Best Available Technique (BAT) principle, which we believe enhances our operational efficiency and reduces our environmental impact.

See our latest Sustainability Report for further stories and examples of our environmental stewardship in action.

See our latest Sustainability Report for further stories and examples of our climate action and environmental stewardship.

Key environment policies & documents


Environmental Policy

May 31, 2024647.11 KB

Independent GHG verification statement Canada 2022

January 10, 2024167.87 KB

Independent GHG verification statement Canada 2021

October 31, 2022208.54 KB

Independent GHG verification statement Canada 2020

October 31, 2022268.68 KB

Independent GHG verification statement France 2020

October 31, 2022300.00 KB

Independent GHG verification statement Malaysia 2020

October 31, 2022190.54 KB

Land and biodiversity

IPC upholds a firm commitment to avoiding operations in World Heritage Sites and protected areas classified by the International Union for Conservation of Nature (IUCN) Categories I-IV. We strictly comply with environmental legislation and employ the mitigation hierarchy of avoid, minimize, restore, and offset when operating near critical biodiversity areas.

Our focus is not only on compliance but also on proactive engagement, as we actively undertake projects that positively contribute to conservation and enhance protection efforts. By integrating responsible land and biodiversity management into our operations, IPC aims to play a crucial role in safeguarding ecosystems, species, and genetic diversity while preserving our planet’s natural heritage.

Land reclamation and asset retirement obligations

At IPC, we embrace the power of collaboration with our stakeholders, recognizing their invaluable contributions to our ongoing efforts in developing and enhancing effective environmental programs. We actively engage with regulatory agencies and local communities, harnessing their insights to drive positive change.

In Canada, our Liability Management program has evolved and strengthened in response to the growing inactive liability arising from an increasing number of orphaned assets.

Asset retirement process

IPC goes above and beyond the requirements of Asset Retirement Obligations (ARO)

ARO strategy

Based on 5 Pillars related to asset liability

ARO budget set

Annual scope of work to be identified and budgeted

RTA process

Closure projects are approved through Recommendation to Abandon (RTA) and added to IPC’s execution tracker

ARO planning

Well operations / ARO execution planning process is initiated

ARO execution

Coordination is confirmed across all closure projects


Lookback presentation is created and shared with Executives and the board for continuous improvement