A nonprofit organization dedicated to partnering with companies to better disclose their environmental impact has named TransCanada, the company proposing to build the Keystone XL Pipeline, as one of 187 companies “which demonstrate a superior approach to climate change…”
The Carbon Disclosure Project based in the U.K. includes TransCanada, the builder of Keystone XL, on the “A List” in its Climate Performance Leadership Index for 2014 for being a company taking “the most action to help.”
From the Huffington Post:
Alberta-based TransCanada, which has been seeking permission to build the 1,660-mile pipeline from Canada’s oil sands to refineries in Texas, was included as a corporate climate leader on the Carbon Disclosure Project’s Climate Performance Leadership Index 2014. The Carbon Disclosure Project, or CDP, is a United Kingdom-based nonprofit that works with companies to tally and report their greenhouse gas emissions. TransCanada was one of five energy sector companies included on the “A List” in this year’s report.
According to CDP’s report, TransCanada goes above and beyond other companies in the energy industry when it comes to emission reductions, “with one target to 2018, as part of the RGGI initiative, and another to 2020 as part of the Quebec cap and trade scheme.”
Although TransCanada is largely known for its efforts to build the Keystone XL Pipeline, the company has made the reduction of greenhouse gases a priority, investing more than $5 billion in renewable energy sources including nuclear, hydro, wind, and solar. The company recently announced a $162 million purchase of three solar power facilities in Ontario, each capable of generating 10 megawatts of energy. TransCanada now operates a total of seven solar power plants that are capable of generating power for more than 12,000 homes.