Pittsburgh-based EQT Corp., a vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin, has achieved a 67 percent reduction in Scope 1 greenhouse gas emissions since 2018, according to the company’s recent environmental, social and governance report.
EQT is the first large-scale traditional energy company in the world to reach net zero on a Scope 1 and Scope 2 basis across upstream operations ahead of its 2025 goal.
“As we reflect on this journey, I am honored to share the meaningful progress we have made in delivering on our commitments,” Toby Rice, EQT president and CEO, said. “We’ve grown and evolved, creating America’s first large-scale vertically integrated natural gas company and the world’s first traditional energy company of scale to reach net zero greenhouse gas emissions on a Scope 1 and Scope 2 basis. We remain committed to demonstrating the critical role of natural gas in delivering affordable, reliable and cleaner energy to the world.”
Other report highlights include:
Production segment Scope 1 methane emissions intensity totaled 0.0070 percent company-wide.
The percentage of produced water recycled increased from 81 percent in 2019 to 96 percent in 2024.
Gross domestic product generated during 2024 totaled approximately $4 billion.