Annual Report - 2001 - ARC Resources Ltd.

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PAGE 39 ENVIRONMENT, HEALTH AND SAFETY ENVIRONMENT ARC conducts activities in accordance with Trust policies and environmental guidelines with the objective of protection of the environment. Air ARC’s focus on air quality issues continued with our second submission to Canada’s Climate Change – Voluntary Challenge and Registry program. This report details emission reductions and future objectives. ARC has been recognized as a “Silver Champion Level Reporter”. Some of the significant accomplishments in the reduction of emissions are: • Continued reductions in flaring and greenhouse gas emissions through improved flare technology, vapour recovery installation and gas plant enhancements. • A 30 per cent overall reduction in emissions from operated properties resulting primarily from installing solution gas conservation facilities at the recently acquired Lougheed battery. • Minimized flaring during testing of newly drilled wells. Advance planning and installation of pipelines and/or compression also reduced flaring at Sundre, Caroline, Pembina and Ante Creek. Land and Water ARC continued its commitment to protect land and water. Policies and procedures demonstrating leadership in this area were maintained and further developed in 2001. ARC continued to participate in key local groups that provide expertise and training in risk management. Examples of accomplishments during 2001 included: • Utilizing technology to minimize future environmental exposure to land and water. As one example, we installed liners in existing pipelines to reduce the risk of leaks. • Remaining committed to immediate surface reclamation following completion of well abandonments. • Remaining aware and sensitive to the importance of wildlife habitat concerns. • Continuing risk management efforts with participation in oil spill co-operatives and detailed emergency response planning. Photo: Al Roberts, Lougheed Gas Plant, Jeff Wickens, Bruce Riep ARC ENERGY TRUST AR 2001
PAGE 40 ENVIRONMENT, HEALTH AND SAFETY COMMUNITY INVOLVEMENT ARC places high value on community participation and encourages employees to contribute to the communities in which they live and work. In 2001, ARC’s support of the United Way topped $150,000 in combined corporate and employee contributions. ARC gainfully employs residents of local communities with over 100 field staff and consultants operating in its five core areas. ARC undertakes financial commitments to these communities and encourages active volunteer involvement and participation in local initiatives. The Trust also provided financial support to various charities in the communities in which we operate including Sundre, Grande Prairie, Medicine Hat, Drayton Valley, Estevan, Carnduff, Lougheed and Oungre. In September 2001, ARC was presented with an award from the Sundre Petroleum Operators Group recognizing its contributions as an “industry member with vision” for work in building relationships with industry partners, government and regulatory agencies and the community based on mutual trust, honesty and respect. ARC PLACES HIGH VALUE ON community participation AND ENCOURAGES EMPLOYEES TO contribute to the communities IN WHICH THEY LIVE AND WORK. ARC ENERGY TRUST AR 2001
Page 1 and 2: AR 2001 ARC ENERGY TRUST ANNUAL REP
Page 3 and 4: Photo: Drilling in the Drayton Vall
Page 5 and 6: OPERATING HIGHLIGHTS Years ended De
Page 7 and 8: AT THE TIME OF OUR INITIAL PUBLIC O
Page 9 and 10: PAGE 4 FEATURE: MANAGEMENT EXPERTIS
Page 11 and 12: John P. Dielwart Director, Presiden
Page 13 and 14: PAGE 8 MESSAGE TO UNITHOLDERS We ha
Page 15 and 16: PAGE 10 MESSAGE TO UNITHOLDERS envi
Page 17 and 18: PAGE 12 MESSAGE TO UNITHOLDERS We r
Page 19 and 20: PAGE 14 FEATURE: QUALITY ASSETS A C
Page 21 and 22: Top: Deanna Kalenchuk, Wayne Lentz,
Page 23 and 24: PAGE 18 OPERATIONS REVIEW DEVELOPME
Page 25 and 26: PAGE 20 MAJOR PROPERTIES NORTHERN A
Page 27 and 28: PAGE 22 MAJOR PROPERTIES PEMBINA PE
Page 29 and 30: PAGE 24 MAJOR PROPERTIES CENTRAL AL
Page 31 and 32: PAGE 26 MAJOR PROPERTIES SOUTHEAST
Page 33 and 34: PAGE 28 MAJOR PROPERTIES SOUTHEAST
Page 35 and 36: PAGE 30 MAJOR PROPERTIES WEYBURN UN
Page 37 and 38: PAGE 32 ACQUISITIONS AND DIVESTMENT
Page 39 and 40: PAGE 34 RESERVES RESERVES Based on
Page 41 and 42: PAGE 36 RESERVES Reserves Reconcili
Page 43: PAGE 38 ENVIRONMENT, HEALTH AND SAF
Page 47 and 48: PAGE 42 FEATURE: COMMITMENT DEFININ
Page 49 and 50: MANAGEMENT’S DISCUSSION AND ANALY
Page 51 and 52: PAGE 46 MANAGEMENT’S DISCUSSION A
Page 65 and 66: PAGE 60 MANAGEMENT’S RESPONSIBILI
Page 67 and 68: PAGE 62 CONSOLIDATED FINANCIAL STAT
Page 69 and 70: PAGE 64 CONSOLIDATED FINANCIAL STAT
Page 71 and 72: PAGE 66 NOTES TO CONSOLIDATED FINAN
Page 83 and 84: PAGE 78 QUARTERLY REVIEW QUARTERLY
Page 85 and 86: PAGE 80 DIRECTORS AND OFFICERS John
Page 87 and 88: PAGE 82 CORPORATE GOVERNANCE CORPOR
Page 89 and 90: PAGE 84 CORPORATE AND UNITHOLDER IN
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Annual Report - 2001 - ARC Resources Ltd.

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