We have developed a culture of ethical standards, including the highest regard for the health, safety, welfare of employees and respect for the individual. These standards are reflected in the way we conduct our business. We are focused on implementing international standards for environmental, health and safety practices in all operations, improving conditions to protect our people and the local community, and lessening the environmental footprint of our operations. Bankers promotes a continuous clean-up philosophy to reduce environmental risks and improve the conditions of our assets.
Cumulative environmental spending
One of our main goals is to minimize our footprint and reduce impacts on the land. In Albania, we've invested over $70 million USD into environmental initiatives since we have started operating in the Patos-Marinza field, which has helped improve local environmental conditions and health and safety standards. Although Bankers is not liable for oil and surface contamination caused by legacy operations in the field, we have made it our responsibility to continuously remediate surface contamination and waste generated from previous operators as well as our own to maintain international operating standards across our field. Additional environmental spending includes lease clean-ups and abandonment costs which are a part of our regular operations but which directly benefit the environment. Whether purchasing equipment or hiring contractors, we insist that they meet our safety and training standards.