Trending...
- Phillip A. Villanueva, MD, ABNS, is being recognized by Continental Who's Who
- Beyond Visionary Has Partnered With Heal America To Host INFORM Dallas
- World's First Walkie-Talkie Bone Conduction Sport Headphones
PITTSBURGH, Jan. 14, 2022 /PRNewswire/ -- EQT Corporation (NYSE: EQT) has certified a majority of its natural gas production under both the EO100™ Standard for Responsible Energy Development, which focuses on environmental, social and governance (ESG) performance, and MiQ methane standard. EQT's certified natural gas production now comprises 4.5% of all natural gas produced in the U.S., making EQT not only the nation's largest natural gas producer, but also the nation's largest producer of certified natural gas.
EQT received both certifications in November, and the first block of the Company's certified natural gas is now available for trading on MiQ's Digital Registry. The certifications provide a transparent, verified method for tracking EQT's ESG commitments, which include achieving net zero Scope 1 and 2 greenhouse gas (GHG) emissions and reducing EQT's methane emissions intensity by 65% by 2025.
"At EQT, we are committed to responsibly developing our world-class asset base. These independent, objective third-party certifications validate that our natural gas is produced with high environmental, social and governance standards and help position U.S. natural gas to lead the largest green initiative in the world, which is replacing foreign coal," said Toby Z. Rice, EQT President and CEO. "These results not only enable us to unlock growing domestic and international markets that are valuing a differentiated commodity, they also serve as an important validation of the environmental attributes of Appalachian natural gas."
Responsible Energy Solutions, an approved independent assessment body for both the EO100TM and MiQ standards, assessed EQT's performance against the EO100TM and MiQ standards at roughly 200 well pads located in Greene and Washington Counties, Pennsylvania, which collectively produce approximately 4.0 Bcf/day.
More on The PennZone
Equitable Origin has a proven track record of certifying energy companies on ESG indicators in accordance with its EO100™ Standard for Responsible Energy Development, a set of rigorous ESG performance standards for energy development projects. Equitable Origin has certified EQT's produced natural gas against the five principles of the EO100™ Standard, including corporate governance and ethics; social impacts, human rights and community engagement; Indigenous Peoples' rights; occupational health & safety and fair labor standards; and environmental impacts, biodiversity and climate change.
The certification score achieved by EQT represents the highest initial certification score ascribed by Equitable Origin to any upstream producer domestically or abroad to date, reflecting EQT's commitment to being the operator of choice for all of its stakeholders.
Soledad Mills, CEO, Equitable Origin, said, "EO100TM certification is enabling differentiation and recognition of responsibly-produced gas. This achievement by EQT demonstrates their excellence in environmental and social performance and meets the increasing demand across the market for gas that has been certified based on ESG performance."
The certification standards developed by MiQ and Equitable Origin aim to bring transparency to an opaque market, drive demand for certified natural gas and help operators differentiate themselves through methane-emissions performance and overall responsible energy production. Independently audited certification gives operators, buyers – and eventually regulators – an opportunity to support responsible energy development and methane reduction globally.
The Digital Registry, which launched in December, is the global secure digital ledger in which joint MiQ-EO100TM Certificates are held from issuance to retirement. One certificate is issued per MMBtu of certified natural gas. Certificates can be traded bundled (combined with natural gas delivery) or unbundled – massively increasing the potential for significant liquidity in the markets.
More on The PennZone
EQT Contact:
Bridget McNie
Director of Communications
412.720.4500
[email protected]
About EQT
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.
About Equitable Origin
Equitable Origin is a non-profit organization that was founded with a vision to create a market-based mechanism to recognize and reward responsible energy producers and to empower energy purchasers through independent, site-level certification. The EO100™ Standard for Responsible Energy Development is grounded in a set of comprehensive, globally applicable ESG indicators developed with extensive stakeholder input.
The EO100™ Standard is based on five universal principles that consolidate and align international management systems, performance targets, and reporting frameworks. Certification against the EO100™ Standard promotes best practices and drives improvements in ESG performance while enabling a market for certified responsible energy with a premium price for differentiated production. To learn more, visit energystandards.org.
SOURCE EQT Corporation
EQT received both certifications in November, and the first block of the Company's certified natural gas is now available for trading on MiQ's Digital Registry. The certifications provide a transparent, verified method for tracking EQT's ESG commitments, which include achieving net zero Scope 1 and 2 greenhouse gas (GHG) emissions and reducing EQT's methane emissions intensity by 65% by 2025.
"At EQT, we are committed to responsibly developing our world-class asset base. These independent, objective third-party certifications validate that our natural gas is produced with high environmental, social and governance standards and help position U.S. natural gas to lead the largest green initiative in the world, which is replacing foreign coal," said Toby Z. Rice, EQT President and CEO. "These results not only enable us to unlock growing domestic and international markets that are valuing a differentiated commodity, they also serve as an important validation of the environmental attributes of Appalachian natural gas."
Responsible Energy Solutions, an approved independent assessment body for both the EO100TM and MiQ standards, assessed EQT's performance against the EO100TM and MiQ standards at roughly 200 well pads located in Greene and Washington Counties, Pennsylvania, which collectively produce approximately 4.0 Bcf/day.
More on The PennZone
- Distinguished New York Trial Attorney and Author Donates Book Proceeds to NYU Cancer Research Center
- Treat Yourself Right This Summer With LA's Best Massage Therapy for Serious Pain Relief Near You!
- Governor Wolf: Pennsylvania's New, Lower Corporate Tax Rate Will Attract Businesses, Good Jobs
- Leading Hospitality Advisor Joins Whiteford in Pittsburgh
- Gospel Charting Artist Jeremiah Nedu Is On The Rise With New Single "Your Mercy"
Equitable Origin has a proven track record of certifying energy companies on ESG indicators in accordance with its EO100™ Standard for Responsible Energy Development, a set of rigorous ESG performance standards for energy development projects. Equitable Origin has certified EQT's produced natural gas against the five principles of the EO100™ Standard, including corporate governance and ethics; social impacts, human rights and community engagement; Indigenous Peoples' rights; occupational health & safety and fair labor standards; and environmental impacts, biodiversity and climate change.
The certification score achieved by EQT represents the highest initial certification score ascribed by Equitable Origin to any upstream producer domestically or abroad to date, reflecting EQT's commitment to being the operator of choice for all of its stakeholders.
Soledad Mills, CEO, Equitable Origin, said, "EO100TM certification is enabling differentiation and recognition of responsibly-produced gas. This achievement by EQT demonstrates their excellence in environmental and social performance and meets the increasing demand across the market for gas that has been certified based on ESG performance."
The certification standards developed by MiQ and Equitable Origin aim to bring transparency to an opaque market, drive demand for certified natural gas and help operators differentiate themselves through methane-emissions performance and overall responsible energy production. Independently audited certification gives operators, buyers – and eventually regulators – an opportunity to support responsible energy development and methane reduction globally.
The Digital Registry, which launched in December, is the global secure digital ledger in which joint MiQ-EO100TM Certificates are held from issuance to retirement. One certificate is issued per MMBtu of certified natural gas. Certificates can be traded bundled (combined with natural gas delivery) or unbundled – massively increasing the potential for significant liquidity in the markets.
More on The PennZone
- Essential Utilities Appoints New Chief of Staff
- Peer-Reviewed Study Shows Measurable Impact on Employee Health and Productivity from Employee Assistance Program
- HWS Announces Top 10 Low Cost Vacation Spots
- World's First Walkie-Talkie Bone Conduction Sport Headphones
- INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Fulgent Genetics, Inc. (FLGT) on Behalf of Investors
EQT Contact:
Bridget McNie
Director of Communications
412.720.4500
[email protected]
About EQT
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.
About Equitable Origin
Equitable Origin is a non-profit organization that was founded with a vision to create a market-based mechanism to recognize and reward responsible energy producers and to empower energy purchasers through independent, site-level certification. The EO100™ Standard for Responsible Energy Development is grounded in a set of comprehensive, globally applicable ESG indicators developed with extensive stakeholder input.
The EO100™ Standard is based on five universal principles that consolidate and align international management systems, performance targets, and reporting frameworks. Certification against the EO100™ Standard promotes best practices and drives improvements in ESG performance while enabling a market for certified responsible energy with a premium price for differentiated production. To learn more, visit energystandards.org.
SOURCE EQT Corporation
Filed Under: Business
0 Comments
Latest on The PennZone
- Gov. Wolf: Education Funding Is an Investment in Pennsylvania's Future
- Pennsylvania: Wolf Administration: Hunger-Free Campus Initiative Helps College Students Access Free Nutritious Food Options
- 3i Solutions Announces New Leadership Brings a Customer-Focused Approach
- CHOP Helps Develop Platform to Speed Up Drug Development for Kids with Cancer
- Rite Aid Opens Online Scheduling for Flu Vaccines at All Locations
- Ecovyst Announces Upsize and Pricing of Secondary Offering of 13,000,000 Shares of Common Stock by Selling Stockholders and Repurchase of Common Stock
- CORRECTING and REPLACING Aurora Announces Second Quarter 2022 Results
- Help Wanted: Oakland-Based Children Rising Seeks Volunteers to Help Students Overcome COVID-Related Learning Loss
- E3 Forensic Platform Innovates again with Remote Cloud Collection
- INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Carvana Co. (CVNA) Investors
- Governor Wolf Announces More Than $8 Million in Funding to Support Business Growth, Job Creation in Six Pennsylvania Counties
- Zonit Launches the World's Best Automatic Transfer Switch for Industrial & Commercial Applications
- Bridget Rose Productions is producing the short documentary - "FORCE" RECON
- U. S. Steel Foundation Awards College Scholarships to Employees' Children
- Children's Hospital of Philadelphia Appoints New Chief of Critical Care Medicine
- Pennsylvania: Governor Wolf Announces $190 Million Available for Schools to Promote Healthier, Safer Environments
- Aramark Declares Quarterly Dividend
- Institutional Property Advisors Brokers $85.7 Million Grocery-Anchored Power Center Sale
- Sea Island Writers Retreat and chromatic black™ Host Three Virtual Writing Workshops
- US Dollar Provides Exceptional Value For Sightseeing Trips To Italy, Havana, Cuba, Delhi, Agra and Jaipur and Barcelona, Spain