Trending...
- Virginia Moving Company Nearly Doubles Customer Calls in Two Weeks After Switching to CARL — the Bold New Alternative to WordPress
- Why Athletic Recovery Begins in the Nervous System
- A Hidden Magical World Awaits in Ashley Gayheart's Upcoming Young Adult Fantasy, Rosewood Academy: The Awakening
PITTSBURGH, Dec. 2, 2023 ~ EQT Corporation, the largest producer of natural gas in the United States, has announced its participation in the Oil and Gas Decarbonization Charter (OGDC) unveiled at COP28. This charter is dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors.
Toby Z. Rice, EQT President and CEO, said: "At EQT, we are guided by the higher purpose of providing energy security to the world while lowering global emissions. Joining the OGDC will help ensure that the energy we produce is done so responsibly. We encourage our peers to join us in these efforts so that we can accelerate global decarbonization and advance the world's energy transition together."
The OGDC has been signed by 50 oil and gas companies, supporting the aims of the Paris Agreement and calling for net zero emissions by or before 2050, zero-out methane emissions and eliminating routine flaring by 2030. Signatories recognize it is essential for the industry to increase actions such as engaging with customers, investing in future energy systems and increasing transparency in measurement, reporting and independent verification.
More on The PennZone
EQT has been an industry leader in reducing methane and other GHG emissions. The Company has set aggressive emissions reduction targets pledging to achieve net zero GHG emissions on a Scope 1 and Scope 2 basis by or before 2025. Last year EQT reached a significant milestone in its journey to net zero, eliminating 100% of natural gas-powered pneumatic devices from its production operations which reduced their annual carbon footprint by over 300,000 MT CO2e.
Just yesterday, The Oil & Gas Methane Partnership 2.0 (OGMP 2.0) awarded EQT a "Gold Standard" rating for a second year in a row in recognition of their ambitious methane emissions reduction targets and advanced commitment to accurately measuring, reporting and reducing their company-specific and site level methane emissions.
EQT's participation in this charter is an important step towards achieving global decarbonization goals while providing energy security to people around the world.
Toby Z. Rice, EQT President and CEO, said: "At EQT, we are guided by the higher purpose of providing energy security to the world while lowering global emissions. Joining the OGDC will help ensure that the energy we produce is done so responsibly. We encourage our peers to join us in these efforts so that we can accelerate global decarbonization and advance the world's energy transition together."
The OGDC has been signed by 50 oil and gas companies, supporting the aims of the Paris Agreement and calling for net zero emissions by or before 2050, zero-out methane emissions and eliminating routine flaring by 2030. Signatories recognize it is essential for the industry to increase actions such as engaging with customers, investing in future energy systems and increasing transparency in measurement, reporting and independent verification.
More on The PennZone
- KDG Redefines Enterprise Software Development with AI-Assisted and Agentic Delivery Model
- Beyond Medication: Kellyn Foundation And Highmark Wholecare Tackle Type 2 Diabetes, Obesity With Comprehensive Lifestyle Program
- TrueNorth Wellness Services Raises $10,066 During Give Local York 2026
- Smart Tools App Brings 100+ Everyday Utilities Into One Android Solution
- Veikkaus Appoints New CFO as Finland's Gambling Monopoly Braces for Breakup
EQT has been an industry leader in reducing methane and other GHG emissions. The Company has set aggressive emissions reduction targets pledging to achieve net zero GHG emissions on a Scope 1 and Scope 2 basis by or before 2025. Last year EQT reached a significant milestone in its journey to net zero, eliminating 100% of natural gas-powered pneumatic devices from its production operations which reduced their annual carbon footprint by over 300,000 MT CO2e.
Just yesterday, The Oil & Gas Methane Partnership 2.0 (OGMP 2.0) awarded EQT a "Gold Standard" rating for a second year in a row in recognition of their ambitious methane emissions reduction targets and advanced commitment to accurately measuring, reporting and reducing their company-specific and site level methane emissions.
EQT's participation in this charter is an important step towards achieving global decarbonization goals while providing energy security to people around the world.
Filed Under: Business
0 Comments
Latest on The PennZone
- Free Critical Illness Claim Calculator Launches to the Public
- Best Companies Group Launches Free Best Banks to Work For Program
- I Voted Tvocracy and I Voted Radiocracy
- Tolle Lege Learning Launches Publishing House to Revolutionize Early Learning Initiatives
- HRC Fertility Celebrates Beverly Hills Grand Opening, Spotlighting Fertility Care as Women's Health Month Begins
- HRC Fertility's Dr. Christo G. Zouves Appointed to San Mateo County Medical Association Board of Directors
- HealthBook+ and Stonebrook Risk Solutions Partner to Bring Predictive Intelligence to Healthcare Risk
- Umbrella Becomes First FinOps Platform to Support AWS Billing Transfer Onboarding
- RECYCLEXPERT FZE Strengthens Leadership in Data Destruction UAE and GCC with Certified Secure ITAD Services
- Plasma-Activated Nitric Oxide Cream Outperforms L-Arginine Skincare - New Research Explains Why
- Assymetrix Launches the Deepest Independent Prediction Market Data API
- CCHR: 'Plant-Based' Psychedelics Push Masks Synthetic Drugs and Billion-Dollar Profits
- BTR: i2 Group Launches i2 Amplify, a Community Platform for Intelligence Professionals Worldwide
- L.A. Watts Summer Games Announces Free Pelé Tribute Event at Magic Johnson Park
- SUMOFIBER Fuels Explosive Growth With netElastic vBNG
- Brian Keenan Joins ALLY Construction Services as Director of Business Development
- Burkentine Builders Recognizes Local Fire Departments As Part Of Their Live With Purpose Initiative
- God's Meal Barrel Raises $3,135 During Give Local York
- NRx Pharmaceuticals (N A S D A Q: NRXP) Accelerates Into National Spotlight as Manufacturing Launch, Federal Policy & AI-Driven Breakthroughs Converge
- Expanding Into High-Margin Battery Recycling With Black Mass Strategy plus Scaling AI Infrastructure & Global Supply Chain Platform: N A S D A Q: MWYN