Third Coast believes that consideration of ESG factors is essential to develop a long-term vision for the company and create value for our investors. Our role in the oil and gas value chain is to be a responsible partner for our customers, our investors, our employees and for society as a whole. Our adherence to good governance practices and commitment to our employees, customers, communities and other stakeholders are part of our business strategy. We are committed to being stewards of the environment and strive to design and operate our assets and facilities in accordance with the highest industry standards and best practices. We are proud of our commitment to excellence in this area. We take very seriously not only our obligations to the people, but also the communities and natural environments in which we operate.
We follow strict standards and routinely assess operating equipment to ensure compliance with recognized industry practices. We also have a robust monitoring program in which we routinely verify the mechanical integrity of our assets (see further discussion in the Operational Safety, Emergency Preparedness and Response section of this report). Preventing and minimizing spills throughout the lifecycle of our operations is a top priority that allows for prompt remediation, including source control and spill cleanup procedures, in the event a spill occurs. During the last three years, we did not have any reportable hydrocarbon spills¹.
¹ Reportable hydrocarbon spills are defined as greater than 1bbl (42 US gallons).
Third Coast is committed to being a good steward of the environment. We strive to design and operate our assets and facilities to meet or exceed industry standards and best practices, and we are proud of our commitment to excellence in this area. We take very seriously not only our obligations to our people, but also the communities and natural environments in which we operate, as demonstrated through our commitment to assess and analyze climate risk and the role of greenhouse gas emissions throughout our operations. The Gulf of Mexico deep water basin is one of the lowest carbon emitting basins in the industry.
Call 811 at least a few days in advance of starting any digging project to avoid unintentionally hitting underground utility lines. In the event of an emergency, call 911, and if you believe that the emergency involves a Third Coast pipeline, call the Third Coast gas control center at (800) 926-4352.