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Parex Announces Ecopetrol Block Partnership, GHG Emissions Intensity Reduction Targets & Implements Quarterly Dividend


Parex Announces Ecopetrol Block Partnership, GHG Emissions Intensity Reduction Targets & Implements Quarterly Dividend
Parex Resources Inc. is a company headquartered in Calgary that focuses on sustainable, profitable, and conventional oil and gas production. All amounts herein are in United States dollars unless otherwise stated. Strategic Partnership Agreements with Ecopetrol in Colombia’s Arauca Province: Accessing High Quality Llanos Basin Development & Exploration Opportunities Parex is pleased to be expanding its strategic …
Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is a company headquartered in Calgary that focuses on sustainable, profitable, and conventional oil and gas production. All amounts herein are in United States dollars (“USD”) unless otherwise stated. ....

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ESG Case Study – Rio Tinto Group


About Rio Tinto Group
The Rio Tinto Group is a multinational metals and mining company based in London and Australia. The company manages 60 operations across 35 countries and generates most of its revenue from the production of iron ore (60%), aluminum (23%), copper (5%), and industrial metals such as borates, titanium dioxide, and salt (5%). Smaller sources of revenue for the company include mining gold and diamonds.
Financially Material Factors Emphasized
S – human rights, rights of Indigenous people, community relations, labor relations, workforce health and safety
G – business ethics and transparency
Environmental
According to Boston Consulting Group, mining companies that have been early movers in addressing climate change have valuations that are, on average, 20% greater than those of their peers in the bottom quintile. Companies like Rio Tinto can benefit financially by focusing on decarbonizing their operations, identifying assets that are mo ....

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