EQT Achieves Historic Net Zero Emissions Milestone as a Leader in Sustainable Energy
- EQT Corporation is the first large-scale energy company to achieve net zero Scope 1 and 2 greenhouse gas emissions.
- Since 2018, EQT reduced its Scope 1 emissions by 67% and improved water recycling rates to 96%.
- EQT's environmental initiatives include award-winning site reclamation and partnerships for carbon sequestration projects across 400,000 acres.
EQT Achieves Net Zero Milestone in Greenhouse Gas Emissions
EQT Corporation, a prominent natural gas producer in the Appalachian Basin, marks a historic achievement by becoming the world’s first large-scale traditional energy company to reach net zero Scope 1 and 2 greenhouse gas emissions. This milestone is detailed in the company’s latest Environmental, Social, and Governance (ESG) Report for 2024, titled "Promises Made, Promises Delivered." Under the leadership of President and CEO Toby Z. Rice since 2019, EQT has made significant strides towards transforming its operations and minimizing its environmental footprint while continuing to provide reliable energy solutions.
The report reveals that EQT has successfully reduced its Scope 1 greenhouse gas emissions by an impressive 67% since 2018. This reduction is complemented by the company’s enhanced water stewardship practices, which have seen produced water recycling rates rise dramatically from 81% in 2019 to an impressive 96% in 2024. Furthermore, EQT has achieved a methane emissions intensity of just 0.0070%, substantially below its 2025 target of 0.02%. These accomplishments reflect EQT's commitment to sustainability and its proactive approach to addressing climate change, positioning the company as a leader in the energy transition.
EQT's environmental initiatives extend beyond emissions reductions. The company has earned accolades for its site reclamation efforts, receiving a first-place award from the West Virginia Department of Environmental Protection. Additionally, EQT has partnered with the West Virginia Division of Natural Resources on a nature-based carbon sequestration project that spans over 400,000 acres. With a consistent "Gold Standard" rating from the United Nations' Oil & Gas Methane Partnership (OGMP) 2.0 for three consecutive years, EQT showcases its dedication to ambitious methane reduction strategies. These efforts not only highlight the company’s environmental stewardship but also underscore the vital role of natural gas in delivering affordable and cleaner energy solutions globally.
In summary, EQT Corporation's achievement of net zero Scope 1 and 2 emissions not only sets a benchmark for the energy sector but also reflects a broader commitment to sustainability. As the company continues to innovate and implement effective environmental strategies, it reinforces the essential role of natural gas in the transition to a cleaner energy future.
EQT’s advancements in water management and methane reduction further enhance its reputation as a responsible energy provider. The ongoing partnership with state agencies indicates a collaborative effort to promote environmental stewardship while ensuring the sustainable development of natural resources. With these initiatives, EQT is not just meeting current energy demands but also paving the way for a more sustainable future in the natural gas industry.
