Skip to main content

Environment

COMPETITION ACT DISCLAIMER

The content you are trying to view has been temporarily removed.

The federal government has recently made certain amendments to the Competition Act, which create significant uncertainty in respect to how Canadian companies may legally communicate with the public regarding their environmental goals and performance, including their climate change mitigation efforts. With uncertainty on how the new law will be interpreted and applied, and in the absence of any transition period and guidance from the government, we have decided to restrict our environmental and sustainability related communications at this time. As a result, where possible, we have temporarily removed the environmental and sustainability content from our website. We will continue to monitor any guidance provided by the Competition Bureau or the federal government to determine how we may communicate on environmental and sustainability matters in the future.

Social

Promoting a culture of safety, accountability, inclusivity and stakeholder engagement

Safety is our #1 priority

Lycos has demonstrated a strong safety record since inception, with health and safety policies built on the foundation that our employees come first. We demonstrate this through zero recordable employee injuries with no lost time in 2023.

Regular stakeholder engagement

Lycos leads with a proactive approach including ongoing communication with government agencies and regulators to ensure we are at the forefront of evolving regulatory changes.

We actively participate in forums to provide our insights on future improvements, most recently in a small group of energy companies round table with the Premier of Saskatchewan.

Elevating our communities

Lycos strives to be a good corporate citizen and foster a strong relationship with our stakeholders and the communities in which we operate.

We have supported local charities and community events through the years and will include these initiatives in our 2024 budget.

Promoting diversity

Approximately 40% of our current employees are women.

Executive (C-Suite) includes females and women have Board representation

Indigenous Partnerships

We are excited and proud to have these new partnerships and look forward to bringing further prosperity to these communities.

Lycos has active operations on Indigenous partnered assets in Alberta within the Frog Lake First Nation. We work with and employ local people and services for our maintenance and growth.

Governance

Strong corporate governance and effective leadership are integral in promoting sustainability at Lycos.

Lycos has assembled a seasoned Board of Directors who bring significant corporate governance experience and a track record of transparency and high integrity. The Board has established sub-committees to oversee Environment/Heath & Safety along with Audit, Corporate Governance and Reserves. Individuals with diverse backgrounds, skills and demographics are represented on our Board including the areas of Corporate Governance, Business Development, Financial Literacy, Operations, EH&S Management, Financial Experience, Reserves Evaluation and Risk Management. Further, we have established Corporate Governance Policies that help inform acceptable behaviors from our board, officers and employees.