David Poritz, founder of Equitable Origin, says he sees his approach to oil as part of a transition to renewable energy. (Photograph courtesy David Poritz)
David Poritz, founder of Equitable Origin, says he sees his approach to oil as part of a transition to renewable energy. (Photograph courtesy David Poritz)
New Standard Aims to Certify “Responsible” Oil Sites
In the Orinoquia region of Colombia, two oil fields run by Toronto-based Pacific Rubiales Energy last week became the first to be certified as “socially and environmentally responsible,” according to a new standard. The two sites produce approximately 250,000 barrels per day, or 25 percent of Colombia’s total output.
That oil is being produced amid a complex web of natural resources, ecosystems, and indigenous communities in this region of the Amazon. That’s why the company Equitable Origin set out to create a standard that would define and reward best practices in oil and gas production, much in the way that the LEED standard has pushed efficiency and conservation measures in public buildings.
According to the “EO100 Standard” certification
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