Houston-based EagleClaw Midstream LLC has joined with its mid-level peers in announcing its intention to achieve net zero emissions by 2050 at the latest.
âWe are grateful to have incredibly talented and engaged employees, suppliers and customers who all share our vision of working together to collectively stem the impacts of climate change for future generations,â said CEO Jamie Welch.
Other mid-market companies such as Tulsa-based Williams have already announced net zero targets. In January, the Interstate Natural Gas Association of America also pledged to work toward achieving zero net carbon emissions from its members’ domestic gas transportation and storage assets by 2050.
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EagleClaw is the largest private gas transformer in the Delaware Sub-Basin in the Permian Basin, with a capacity of 1,320 million cubic feet per day and over 1,400 miles of pipelines operated. It provides intermediate gas, crude and water services to around thirty producers. It is also a partner of the Permian Highway Pipeline project.
In its first environmental, social and governance (ESG) report, the company outlined plans to migrate a significant portion of its corporate vehicle fleet to electric over the next few years. It also plans to invest more in monitoring, control and emission reduction equipment. Plans are also underway to expand the use of electric compression across its system where possible, as well as to explore possible funding from the Department of Energy to assess the potential of carbon capture technologies.
In addition, EagleClaw plans to put in place in the coming year a performance bonus structure for all its employees, linking 20% ââof the bonuses to the achievement of ESG objectives.
EagleClaw recently formed a Carbon Reduction Task Force to identify solutions to further reduce the company’s carbon footprint. Welch said the team includes experts in taxation, environmental safety and compliance, finance, commerce, accounting, law, operations, engineering and sustainability.
The company plans to achieve single-digit reductions in its level of carbon emissions by 2025 compared to its 2020 baseline. The company’s methane intensity rate for 2020 was 0.057%, around 40% below the 2025 target of 0.08%.
EagleClaw also said that since April it has sourced 100% of the electricity used in its operations from renewable energy sources. This makes it the first major Permian collection and processing company to source 100% of its electricity for its operations from renewable energy sources, the company said.