FAQ
EQT is the first traditional energy producer of scale to achieve net zero Scope 1 and Scope 2 GHG emissions.
EQT’s carbon footprint is constantly evolving with acquisitions and growth. NetZero Now+ reflects our current achievement as well as our aspiration to achieve net zero Scope 1 and Scope 2 GHG emissions across all EQT assets in future years.
EQT has reached net zero Scope 1 and Scope 2 GHG emissions across the entirety of its upstream operations, inclusive of the recently acquired Tug Hill/XcL Midstream and Alta Resources assets. EQT is actively evaluating the emissions associated with its acquisition of Equitrans Midstream Corporation completed in July 2024.
- Operational improvements accounted for a reduction in over 65% of Scope 1 and Scope 2 emissions from the legacy EQT business. These primarily included pneumatic device replacements, the electrification of frac fleets, our combo development drilling approach, and the installation of emissions control devices on the acquired Alta Resources assets.
- EQT developed a first-of-its-kind partnership that enabled it to offset its remaining emissions that cannot be reduced with existing technologies. These efforts implement USDA conservation management practices and are verified by West Virginia University, ensuring economic and environmental benefits to the region.
Embedded into EQT’s culture is a commitment to breaking records, and our work does not stop here. Our NetZero Now+ initiative reflects EQT’s current achievement of attaining net zero with respect to our 2023 Scope 1 and Scope 2 GHG emissions, as well as our aspiration to achieve net zero Scope 1 and Scope 2 GHG emissions across all EQT assets in future years.
Companies are increasingly divesting carbon-intensive operations or assets to achieve corporate net zero targets. With this approach, the divested assets continue in operation, in many instances shifting to operators who are not subject to public scrutiny. This results in a shifting of emissions out of the hands of accountable operators, driven by a desire to achieve a corporate net zero goal, and not a reduction in emissions aligned with achieving the world’s collective emissions reduction goals. At EQT, we are taking the opposite approach. We believe our record demonstrates both that we are a committed leader in emissions reduction and field measurement efforts and that we can accelerate achievement of global emissions reduction targets by growing our asset base through acquisitions. While such acquisitions would inherently ascribe to our company Scope 3 emissions of any future acquired operations (emissions that would exist even if they were not acquired by us), it also puts those operations in the hands of stewards that will be accountable for accelerating emissions reduction efforts.