Mercuria CSR report 2022 - Flipbook - Page 26
ENVIRONMENTAL RELEASES
During the 2022 calendar year there were two occurrences where our operations (one under
our staff, and the other by a contract operator) were responsible for spills into the environment
which triggered the involvement of authorities at a state, federal or national level. In both
instances immediate efforts were taken first to safely address and stop the source of the
releases. This was promptly followed by ensuring appropriate spill clean-up resources were
activated to recover and clean up spilled material to the satisfaction of the relevant authorities.
Neither event resulted in any injuries, or other potential hazards such as fires or explosions. As
is a standard practice across all of Mercuria’s businesses, subsequent to the initial crisis
response, follow-up investigations were conducted to assess the factors contributing to these
failures with the aim of identifying preventative measures to help guard against similar
recurrence.
Owing to our environmental compliance failures, we paid fines in the amount of USD 24,113
during the 2022 calendar year. By appropriately taking responsibility for our failures we worked
with authorities to reach settlement agreements with no other restrictions or covenants placed
upon our business.
Calendar
year
Number of release events
requiring notification to
regulatory authorities*
Penalties paid to state federal or national
authorities for non-compliance with
environmental or regulatory standards
2020
6 events
None reported
2021
2 events
17,900 USD
2022
2 events
24,113 USD
* Exclusive of any spill events where another party had primary responsibility for the event or
where notification was given to state federal or national authorities as a courtesy – but was not
required.
For clarity concerning these statistics, any discharges that were authorized or which did not
otherwise mandate formal notification to authorities were not included as part of our statistics,
irrespective of any courtesy notifications that may otherwise have been made to authorities.
Finally only penalties paid directly to state, federal or national authorities which were assessed
for non-compliant health, safety or environmental issues are reported. Taxes or other
regulatory fees that might also be paid to authorities are not included, nor are any other
potentially related expenses incurred for repairs or corrective work, or amounts that might be
paid to local agencies, or counterparties or service providers.
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Mercuria
CSR Report 2022
