Corporate responsibility is rooted in the nature of our business. At Denbury, we focus on operating a growing, profitable and ethical company that is dedicated to bettering our employees, our environment and our communities. This report illustrates our commitment to these principles and to transparency with our stakeholders regarding our economic, environmental, social and governance performance.
For over two decades, Denbury has maintained a unique strategic focus on utilizing CO2 in enhanced oil recovery operations, and began utilizing captured industrial sourced CO2 in 2012. We currently inject over three million tons of captured industrial-sourced CO2 annually, and our objective is to fully offset our Scope 1, 2, and 3 CO2 emissions within this decade, primarily through increasing the proportional amount of captured industrial-sourced CO2 used in our operations.
– Christian S. Kendall, President and Chief Executive Officer