US shale company ONEOK commits to lower emissions
US shale company ONEOK said September 22 it had set a goal of cutting greenhouse gas emissions by 30% relative to 2019 levels.
Targets cover Scope 1 emissions, those coming directly from company operations, and Scope 2 emissions, those from the generation of purchased power. The company’s combined emissions totalled 7.2mn metric tons of CO2 equivalent in 2019.
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"In addition to this target, our dedicated sustainability and renewables teams are actively researching opportunities that will complement our extensive midstream assets and expertise, strengthening the vital role we expect to play in a lower-carbon economy," CEO Pierce Norton II said. "We'll remain intentional in our focus and maintain capital discipline while developing these opportunities."
ONEOK, which has headquarters in Oklahoma, said it would work to meet its objectives in part by the electrification of some of its natural gas compression assets and through methane mitigation practices.
“Additionally, ONEOK is identifying opportunities to collaborate with utilities and power generators to accelerate the availability of lower-carbon power options across the company's operations,” the company added.
ONEOK’s assets extend across the Rocky Mountain region and into the Permian basins in the US south.