Will EQT get credit?
EQT Corporation announced it has achieved its net-zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions target, ahead of its 2025 goal.
This is an achievement worthy of celebration, even if some may have critiques of the approach.
How they achieved net-zero:
Methane and emission reductions: EQT reduced Scope 1 GHG emissions intensity by 35% year-over-year and earned a “Gold Standard” rating from the UN’s Oil & Gas Methane Partnership for aggressive methane reduction efforts.
Technological innovation and efficiency: The company eliminated 100% of natural gas-powered pneumatic devices, reducing annual CO₂ emissions by more than 300,000 metric tons .
Water recycling and carbon sequestration projects: EQT recycled 96% of produced water and entered a forest management partnership in West Virginia, creating verifiable carbon sequestration projects to further offset emissions .
How will the market respond? What should other emitters learn from EQT's strategy?
Read the company’s announcement here: https://www.prnewswire.com/news-releases/eqt-achieves-its-net-zero-scope-1-and-scope-2-ghg-emissions-target-ahead-of-2025-goal-302285107.html?tc=eml_cleartime