Trending...
- Sylvester Anthony III Introduces His Artist Journey with Debut Single "Cherish"
- Translational Scientist Roohid Parast Comments on FDA Approval of Icotrokinra for Psoriasis
- Mister Omaha Tries The Turf At Lone Star Park
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
- Triple-Digit Growth, Stock Market Upgrade plus a Rapidly Expanding Specialty Healthcare Platform: Cardiff Lexington Corporation (Stock Symbol: CDIX)
- Morrisville & Cary Education Centers Honored with National Award
- AI-Powered Neuropsychiatry, FDA Regulatory Momentum, Commercial Ketamine Launch Position NRx Pharmaceuticals for Potential Breakout Growth in 2026
- Henri-Lloyd Launches Sail Free to Break Down Barriers to Sailing
- Genuine Hospitality, LLC Selected to Operate Hilton Garden Inn Jacksonville JTB/Deerwood Park
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
- Sexually Abused in a Psychiatric Hospital or Psychiatrist's or Psychologist's Office? CCHR Urges Survivors to Reach Out to It
- Ten Ten Ten Announces Free Value-Based Care Playbook for Independent Primary Care Practices
- Senco Home Services Expands Residential Construction Services
- Ricci's Painting & Contracting Expands Home Transformation Services
- United Way and Community Partners Launch Relief Fund to Support Victims of the Six-Alarm Fire in Allentown
- Sylvester Anthony III Introduces His Artist Journey with Debut Single "Cherish"
- Boston Industrial Solutions Introduces High-Performance Primer for Bonding Liquid Silicone to Epoxy
- Together We Thrive: Kingdom Life Health & Career Fair Unites Faith, Wellness and Opportunity
- Healthcare Leaders Publish New Integrated Behavioral Healthcare Guide, Led by Doctors of Behavioral Health
- Verbica Challenges Panetta to a Televised Debate on the Issues
- Grace Montessori School Raises $115,000 for Student Scholarships and Enhanced Programming
- Salt Lake City Families Turn to Private Autopsy Services for Faster Answers After Unexpected Loss
- K2 Integrity's U.S. and EMEA Teams Again Recognized in Chambers and Partners 2026 Guides
- Connecta Satellite Solutions Ready to Support Emergency Communications Following the Venezuela Earthquake
- Rare 1933 Harold Weston painting will be auctioned to benefit the Keene Valley Library
- $20 Million Revenue Target, Accelerating Growth, 7% Of Outstanding Shares Retired, Clear Path Toward Profitability: VSee Health, Inc N A S D A Q: VSEE
- HomeCentris Home Health Achieves 5-Star CMS Rating
- Adsoptia Launches AI-Powered Optimization Platform for a New Era of Autonomous Marketing Decisions
- Heritage at Manalapan Announces New Incentive: Included Finished Basement on Select Homesites
- Leicester UK Manufacturer Tabletop Tyrant Secures Flawless 100% Customer Satisfaction Rating Across 5,800+ Orders