EQT Corp. pledged a $75 million investment in ESG initiatives and new technologies over the next five years along with targets to achieve net-zero by 2025 or sooner in a major push by the U.S. shale gas giant toward decarbonization.
“EQT is equipped to excel in a low-carbon future,” said Toby Rice, CEO of EQT Corp., during a conference call with Wall Street financial analysts June 30.
EQT announced targets to achieve net-zero Scope 1 and 2 greenhouse-gas (GHG) emissions in its production segment operations by or before 2025. While others in the industry have also set net-zero targets, Rice said EQT is playing a leading role in reducing emissions, which is demonstrated by its annualized GHG emission reduction percentage.
This post appeared first on Hart Energy.