CANONSBURG, Pa., March 16,
2023 /PRNewswire/ -- CONSOL Energy Inc.
("CONSOL," NYSE: CEIX) is proud to announce the release of its 2022
Corporate Sustainability Report, "Forward Progress: From Our
Mines to the World." The report is CONSOL's sixth since becoming an
independent, publicly listed company in 2017 and is available for
download at www.consolenergy.com/sustainability.
The report provides an update on the Company's efforts to
advance its Forward Progress sustainability initiative
during the fiscal year ended December 31,
2022, including:
- Coal Operations employees achieving a total recordable incident
rate of 2.28, or 51% below Mine Safety and Health Administration
industry averages for the underground bituminous coal mining
industry,
- Maintaining an environmental compliance record exceeding 99.9%
for the tenth consecutive year on our assets, as measured by the
rate of compliance with permit effluent limits,
- Advancing revenue diversification goals with the overall share
of revenue from domestic power generation declining to 39.9% from
55.3% in 2020, and
- Completing the acquisition of the remaining equity interests in
CFOAM Corp. and the formation of CONSOL Innovations LLC as a
platform for advancing CONSOL's technology development
efforts.
Additionally, the report highlights the Company's continued
sustainability endeavors, including the Company's voluntary direct
operating greenhouse gas ("GHG") emission reduction program, as
well as its strategic partnerships that seek to advance the
technologies needed to support the achievement of ambitious climate
goals, such as carbon capture utilization and storage ("CCUS").
The Company firmly believes its responsibly produced coal is and
will continue to be needed in the mix of energy sources to achieve
the transition toward climate change goals. Our world-class asset
base will continue to be relied upon to support infrastructure
build-out in the industrial and metallurgical sectors, and to
provide the secure, stable and reliable energy that improves global
quality of life and ultimately drives Forward Progress.
About CONSOL Energy Inc.
CONSOL Energy Inc. (NYSE: CEIX) is a Canonsburg, Pennsylvania-based producer and
exporter of high-Btu bituminous thermal coal and metallurgical
coal. It owns and operates some of the most productive longwall
mining operations in the Northern Appalachian Basin. CONSOL's
flagship operation is the Pennsylvania Mining Complex, which has
the capacity to produce approximately 28.5 million tons of coal per
year and is comprised of 3 large-scale underground mines: Bailey
Mine, Enlow Fork Mine, and Harvey Mine. CONSOL also developed the
Itmann Mine in the Central Appalachian Basin, which has the
capacity to produce roughly 900 thousand tons per annum of premium,
low-vol metallurgical coking coal. The company also owns and
operates the CONSOL Marine Terminal, which is located in the port
of Baltimore and has a throughput
capacity of approximately 15 million tons per year. In addition to
the ~622 million reserve tons associated with the Pennsylvania
Mining Complex and the ~28 million reserve tons associated with the
Itmann Mining Complex, the company also controls approximately 1.4
billion tons of greenfield thermal and metallurgical coal reserves
and resources located in the major coal-producing basins of the
eastern United States. Additional
information regarding CONSOL Energy may be found at
www.consolenergy.com.
Contacts:
|
|
Investor:
|
Nathan Tucker, at (724)
416-8336
|
|
nathantucker@consolenergy.com
|
|
|
Media:
|
Erica Fisher, at (724)
416-8292
|
|
ericafisher@consolenergy.com
|
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements in this press release are "forward-looking
statements" within the meaning of the federal securities laws. With
the exception of historical matters, the matters discussed in this
press release are forward-looking statements (as defined in Section
21E of the Securities Exchange Act of 1934, as amended) that
involve risks and uncertainties that could cause actual results to
differ materially from results projected in or implied by such
forward-looking statements. Accordingly, investors should not place
undue reliance on forward-looking statements as a prediction of
actual results. The forward-looking statements may include
projections and estimates concerning the timing and success of
specific short term and long term emission reduction targets, the
role of specific technologies in reducing carbon emissions, and
CEIX's role in contributing to global social and environmental
goals. When we use the words "anticipate," "believe," "could,"
"continue," "estimate," "expect," "intend," "may," "plan,"
"predict," "project," "should," "will," or their negatives, or
other similar expressions, the statements which include those words
are usually forward-looking statements. When we describe strategy
that involves risks or uncertainties, we are making forward-looking
statements. We have based these forward-looking statements on our
current expectations and assumptions about future events. While our
management considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business,
economic, competitive, regulatory and other risks, contingencies
and uncertainties, most of which are difficult to predict and many
of which are beyond our control. Specific risks, contingencies and
uncertainties are discussed in more detail in our filings with the
Securities and Exchange Commission. The forward-looking statements
in this press release speak only as of the date of this press
release and CEIX disclaims any intention or obligation to update
publicly any forward-looking statements, whether in response to new
information, future events, or otherwise, except as required by
applicable law. In this release, we refer to direct operating
greenhouse gas emissions (inclusive of scope 1 and scope 2
emissions). We note that the direct operating greenhouse gas
emissions does not refer to our carbon emissions associated with
the use of energy products we sell (referred to as scope 3
emissions). CEIX only controls its direct operating emissions. This
statement is not intended to suggest that CEIX is addressing the
emissions from use of its energy products in its net zero plan.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/consol-energy-releases-2022-corporate-sustainability-report-301773617.html
SOURCE CONSOL Energy Inc.