Pushing the Boundaries of Decommissioning

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Today, the energy business is changing how it operates, whether drilling for oil and gas or generating electricity from the wind. This means acting in a sustainable and environmentally-responsible manner by applying corporate social responsibility principles to the planning, funding, and eventual decommissioning of projects. Simply walking away, is no longer an option, and the public and governments expect businesses to plan, implement and fund a complete lifecycle through to decommissioning.

For such firms, this means the planned closing down and making safe oil fields and the removal of wind farms when they come to the end of their operational lifespan. However, decommissioning costs money. For many firms finding such financial resources can prove challenging.

This is where Quatre Ltd founder and CEO Paul Jardine saw an opportunity to meet the challenge of funding of such decommissioning, in solving legal remediation issues and environmental liability challenges that energy firms face in tackling the decommissioning of energy projects…

 

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