EQT commits to lowering Scope 1 and 2 emissions by 2025
Tuesday, July 6, 2021
Last week EQT announced a comprehensive plan to reduce Scope 1 and Scope 2 greenhouse emissions by 2025, according to Natural Gas News.
The announcement comes just a week after the company joined the Climate and Clean Air Coalition’s Oil & Gas Methane Partnership, which targets a reduction in methane emissions in line with the Paris climate accord.
EQT is targeting a 70% reduction in Scope 1 emissions and a 65% reduction in Scope 2 emissions, relative to 2018, by no later than 2025.
The company has already committed to having the majority of its production in the Marcellus shale certified as responsibly sourced gas (RSG) by the end of the year.
Learn more: Natural Gas News > US producer EQT commits to lowering Scope 1 and 2 emissions
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Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
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What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
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Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.