Message from the CEO
In 2015, Tesoro made great strides in our work to create value not only for our business, but also for our various stakeholders and the communities we serve. This commitment to fostering “Shared Value” allowed us to improve upon our industry-leading safety processes and performance, reduce air emissions, and look for ways to continue to lower our environmental impact.
Reflecting on the accomplishments of 2015, I am pleased to highlight our progress in the following areas:
Safety: In 2015, we once again surpassed our own safety targets – on both personal and process safety – in addition to outperforming industry averages. We continue full implementation of our Operations Excellence Management System (OEMS), which ensures the ongoing improvement of our safety processes. We also continue to invest in upgrades that are aimed at improving our assets’ reliability and safety.
Oil spill prevention and response: Tesoro continued its commitment to environmental stewardship. In addition to conducting more than 30 emergency response drills in 2015, we also worked collaboratively with organizations like the Washington Department of Ecology, the U.S. Coast Guard and BNSF Railway on the deployment of new emergency response technologies. We will continue to seek new ways to improve and enhance emergency response, both by refining our processes as well as working with others to build upon best practices.
Air emissions: In 2015, we effectively reduced air emissions, such as NOX, SOX and particulates, by 15 percent over 2014. Additionally, we have upgraded the vapor recovery systems at our retail sites and the flare gas recovery systems at five of our six refineries – these systems help to further reduce emissions. Moving forward, we will continue to take steps to improve upon this performance.
As we look toward the future, Tesoro will continue to evaluate opportunities for growth by considering what’s best for our diverse stakeholders through the Shared
Value lens. In fact, we are working with several renewable energy companies to produce low-carbon, advanced biofuels by supporting the development of biocrude made from renewable biomass that could be processed in our existing refineries.
We know that access to clean, affordable and reliable energy has the power to make a better world, and we take great pride in responsibly working toward that goal every day.
Greg J. Goff
Chairman, President and Chief Executive Officer