Acknowledged for Main Methane Reductions Program and Setting Bold Emissions Discount Targets
PITTSBURGH, Nov. 1, 2022 /PRNewswire/ — EQT Company (NYSE: EQT) at present introduced that the Oil & Fuel Methane Partnership 2.0 (OGMP 2.0) awarded the Firm a “Gold Customary” score, the best reporting degree underneath the initiative, in recognition of EQT’s bold methane emissions discount targets and superior dedication to precisely measuring, reporting and decreasing its company-specific and website degree methane emissions.
OGMP 2.0 is a multi-stakeholder initiative launched by the United Nations Surroundings Programme and the Local weather and Clear Air Coalition in partnership with the European Fee, the U.Okay. and Norwegian governments, the Environmental Protection Fund and almost 80 main oil and fuel firms. The initiative brings collectively these events with the purpose of enhancing sturdy methane emissions monitoring and credible reporting to realize deep reductions in methane emissions over the following decade.
OGMP 2.0 member firms report on methane emissions alongside 5 ranges of reporting, rising in granularity by quantification methodology, degree and sources of geography and uncertainty in quantification. To achieve the OGMP Gold Customary score, “bottom-up” source-level (Stage 4) reporting should be reconciled with “top-down” website degree emissions measurements (Stage 5).
EQT is amongst 14 upstream firms globally qualifying as Gold Customary for 2022.
“Our attaining the Gold Customary score underneath the OGMP 2.0 additional validates EQT’s dedication to working on the highest requirements on the subject of methane monitoring and discount. And amongst this elite group of world-leading firms, EQT has the second lowest 2025 goal methane depth purpose,” stated Toby Z. Rice, President and Chief Government Officer of EQT Company. “Taken collectively, these outcomes additional strengthen our argument that, in a world the place we face an underneath provide of pure fuel and an rising reliance on coal, it’s incumbent on the USA to develop the infrastructure mandatory to satisfy world demand for clear, reasonably priced and dependable pure fuel.”
EQT joined OGMP 2.0 in June 2021, committing to rising its methane detection, monitoring and reporting.
Director of Communications
EQT Company is a number one unbiased pure fuel manufacturing firm with operations centered within the cores of the Marcellus and Utica Shales within the Appalachian Basin. We’re devoted to responsibly creating our world-class asset base and being the operator of selection for our stakeholders. By leveraging a tradition that prioritizes operational effectivity, know-how, and sustainability, we search to repeatedly enhance the best way we produce environmentally accountable, dependable, and low-cost power. We’ve a longstanding dedication to the security of our staff, contractors, and communities, and the discount of our total environmental footprint. Our values are evident in the best way we function and in how we work together every day – belief, teamwork, coronary heart, and evolution are on the middle of all we do. To study extra, go to eqt.com.
SOURCE EQT Company