National Fuel Gas Midstream Company Achieves Certification under the Equitable Origin Standard
18 Outubro 2023 - 5:15PM
National Fuel Gas Midstream Company, LLC (Midstream), the Gathering
segment of National Fuel Gas Company (NYSE: NFG) (National Fuel or
the Company), has achieved certification of 100% of its natural gas
gathering system assets, which transport over 1.2 billion cubic
feet of natural gas daily, under Equitable Origin’s EO100™ Standard
for Responsible Energy Development, a series of rigorous
environmental, social, and governance (ESG) performance targets.
Midstream is the first gathering or midstream company and second
National Fuel subsidiary to earn EO100™ Standard certification,
joining Seneca Resources Company, LLC, which previously achieved
certification of 100% of its natural gas production under the
EO100™ Standard in early 2022.
As part of the certification process, a team of accredited
auditors from Geosyntec, conducted an independent, third-party
audit of Midstream’s operations to assess its alignment to the five
principles of the EO100™ Standard. The principles include:
corporate governance and ethics, social impacts, human rights and
community engagement, Indigenous Peoples' rights, occupational
health, safety and fair labor standards, and environmental impacts,
biodiversity and climate change. A thorough examination of
Midstream’s documented programs, a field assessment of its
operations and more than 40 interviews with internal and external
stakeholders comprised audit activities.
Jason Switzer, CEO, Equitable Origin, said, "We are pleased to
acknowledge NFG Midstream’s leadership in certifying 100% of its
assets to the EO100 Standard and in pioneering its application to
the gathering business. They have raised the bar for ESG
performance through this certification across their operations in
Pennsylvania."
“Midstream is proud to set this industry milestone, as the first
gathering operator to earn EO100 certification, which reaffirms our
commitment to implement best practices related to ESG standards
throughout our Appalachian Basin operations,” said Justin Loweth,
President of National Fuel Gas Midstream Company, LLC. “We see this
achievement as a step forward in our efforts to promote
sustainability across our operations, transporting responsibly
sourced energy to interconnections with pipelines that serve key
commercial markets and end users.”
About National Fuel Gas Company:National Fuel
is a diversified energy company headquartered in Western New York
that operates an integrated collection of natural gas assets across
four business segments: Exploration and Production, Pipeline and
Storage, Gathering and Utility. Additional information about
National Fuel is available at www.nationalfuel.com.
About Equitable Origin:Equitable Origin is a
non-profit organization that created the first market-based
mechanism to recognize and reward responsible energy producers and
to empower energy purchasers through independent, site-level
certification. The EO100™ Standard for Responsible Energy
Development is grounded in a set of comprehensive, globally
applicable ESG performance targets developed with extensive
stakeholder input. Certification against the EO100™ Standard
promotes best practices and drives improvements in ESG performance
while enabling a market for differentiated energy production. To
learn more visit energystandards.org.
About Geosyntec Consultants, Inc.:Geosyntec is
a consulting and engineering firm that works with private and
public sector clients to address new ventures and complex problems
involving our environment, natural resources, and civil
infrastructure. Geosyntec’s dedicated team of ESG and
sustainability practitioners assist our clients in building a solid
foundation and strategic roadmap that is data-driven and tailored
to mitigate business risks, leverage opportunities, and drive
long-term business value.
Cautionary StatementsCertain statements
contained herein, including statements identified by the use of the
words “anticipates,” “expects,” “intends,” “plans,” “predicts,”
“projects,” “believes,” “will,” “may,” and similar expressions, and
statements other than statements of historical facts, are
“forward-looking statements” as defined by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
risks and uncertainties, which could cause actual results or
outcomes to differ materially from those expressed in the
forward-looking statements. While National Fuel’s expectations,
beliefs, and projections are expressed in good faith and are
believed to have a reasonable basis, actual results may differ
materially from those projected in forward-looking statements. In
addition to other factors, the following are important factors that
could cause actual results to differ materially from those
discussed in the forward-looking statements: (1) National Fuel’s
ability to estimate accurately the time and resources necessary to
implement new practices; (2) governmental/regulatory actions and/or
market pressures to reduce or eliminate reliance on natural gas;
and (3) the other risks and uncertainties described in (i) National
Fuel’s most recent Annual Report on Form 10-K at Item 7, MD&A,
and Quarterly Reports on Form 10-Q at Item 2, MD&A, under the
heading “Safe Harbor for Forward-Looking Statements,” and (ii) the
“Risk Factors” included in National Fuel’s most recent Annual
Report on Form 10-K at Item 1A. National Fuel disclaims any
obligation to update any forward-looking statements to reflect
events or circumstances after the date hereof. Because of these
risks and uncertainties, readers should not place undue reliance on
these forward-looking statements or use them for anything other
than their intended purpose.
NFG Contacts:
Brandon Haspett
Analyst Contact
716-857-7697
Karen Merkel
Media Contact
716-857-7654
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