The Oil & Gas Methane Partnership 2.0, a multistakeholder initiative launched by the United Nations Environment Programme and the Climate and Clean Air Coalition, awarded EQT Corporation a “Gold Standard” rating.
It is the highest reporting level. EQT received the designation for its methane emissions reduction targets and its commitment to measuring, reporting, and reducing its company-specific and site level methane emissions.
“Our achieving the Gold Standard rating under the OGMP 2.0 further validates EQT’s commitment to operating at the highest standards when it comes to methane monitoring and reduction. And among this elite group of world-leading companies, EQT has the second lowest 2025 target methane intensity goal,” Toby Z. Rice, EQT president and CEO, said. “Taken together, these results further strengthen our argument that, in a world where we are facing an under supply of natural gas and an increasing reliance on coal, it is incumbent on the United States to develop the infrastructure necessary to meet global demand for clean, affordable and reliable natural gas.”
EQT is an independent natural gas production company operating in the Marcellus and Utica Shales in the Appalachian Basin. It was one of 14 upstream companies globally qualifying as Gold Standard for 2022.