EagleClaw Midstream said it is the first major gathering and processing company in the Permian Basin to procure 100% of its power for operations from renewable energy sources.
The Houston-based private midstream operator shared in a June 16 release it had executed an agreement to source 100% of the electricity used in operations from renewable energy sources beginning in April. As a result, the company will become the first major gathering and processing company in the Permian Basin to procure 100% of its power for operations from renewable energy sources, according to the release.
The announcement was made alongside the release of its first ESG report and new net-zero emissions targets, which EagleClaw says will position it as “an industry leader in sustainability and the ongoing energy evolution.”
EagleClaw’s methane intensity rate for 2020 of 0.057% is already roughly 40% below the 2025 target of 0.08% by the ONE Future coalition, of which EagleClaw is a member. However, the company aims to go fully carbon neutral with the goal of reaching net-zero greenhouse gas (GHG) emissions by no later than 2050.
Source: Hart Energy