CANONSBURG, Pa., June 10,
2022 /PRNewswire/ -- CONSOL Energy Inc. ("CONSOL,"
NYSE: CEIX) is proud to announce the release of its 2021 Corporate
Sustainability Report, "ESG-i: Innovating for Tomorrow." The report
is CONSOL's fifth since becoming an independent, publicly listed
company in 2017 and pinpoints innovation as integral to the
Company's strategy and ESG management approach. The report is
available for download at www.consolenergy.com/sustainability.
The report provides an update of the Company's efforts to
advance its Forward Progress sustainability initiative in 2021,
including:
- Pennsylvania Mining Complex employees achieving a total
recordable incident rate of 2.25, or 53% 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 ninth consecutive year, as measured by the rate of
compliance with permit effluent limits; and
- Achieving record water reuse volumes, with 721 million gallons
of water recycled for use in operations.
Additionally, the report highlights the Company's continued
efforts under CONSOL's Forward Progress sustainability initiative,
including its previously announced direct operating greenhouse gas
("GHG") emission reduction targets and the Company's technology
endeavors, which include multiple U.S. Department of Energy
sponsored projects seeking to develop alternative uses for coal and
advance GHG emissions control technologies.
The Company firmly believes its world-class asset base will
continue to be relied upon for the foreseeable future to meet the
world's electricity and infrastructure needs, supporting social
objectives and catalyzing economic progress. Our commitment to
ESG-i will help ensure that we carry out our role responsibly and
sustainably. CONSOL Energy remains intentionally focused on
leveraging innovation and performing against its stated financial
priorities to create sustainable value for the Company and its
stakeholders, in 2022 and beyond.
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 and is developing a new
metallurgical coal mine (the Itmann project) in the Central
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, Enlow Fork, and Harvey. 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 ~612 million reserve tons associated with
the Pennsylvania Mining Complex and the ~21 million reserve tons
associated with the Itmann project, 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:
Kurt Salvatori, at (724)
416-8319
kurtsalvatori@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 and
speak only as of the date of this release. While these
forward-looking statements reflect CEIX expectations at the date of
this release, they are not guarantees or predictions of future
performance or statements of fact. With the exception of historical
matters, the matters discussed in this supplement are
forward-looking statements (as defined in Section 21E of the
Securities Exchange Act of 1934, as amended) that involve risks and
uncertainties that are unknown or out of our control and,
therefore, could cause actual results, performance, or achievements
to differ materially from results, goals and achievements 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. All
statements other than statements of historical facts included in
this press release are forward-looking statements. When we describe
strategy that involves risks or uncertainties, we are making
forward-looking statements. Past performance cannot be relied on as
a guide to future performance. 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 include but are not limited
to changes in laws and regulations including international treaties
and laws and regulations regarding greenhouse gas emissions and
carbon costs actions, including changes with respect to tax policy,
emissions credits, carbon offsets and carbon pricing; trade
patterns and the development and enforcement of local, national and
regional mandates; unforeseen technical or operational
difficulties; the outcome of research efforts and future technology
developments, including the ability to scale projects and
technologies on a commercially competitive basis and our ability to
take advantage of those innovations and developments; the
effectiveness of our risk management strategies, including
mitigating climate-related risks; our ability to identify and
execute opportunities, and the economic viability of those
opportunities, including those relating to methane destruction; the
ability of our existing assets and expertise to support the growth
of, and transition to, various energy opportunities,
including through the positioning and optimization of our assets;
our ability to efficiently reduce the carbon output (both on an
absolute scale and relative intensity) of our operations (both
Scope 1 and 2), including through the use of lower carbon power
alternatives, management practices and system optimizations; the
necessity to direct our focus on maintaining and enhancing our
existing assets; the impacts of acquisitions or dispositions;
changes in supply and demand and other market factors affecting
future prices of coal; changes in the relative energy mix across
activities and geographies; the actions of competitors; changes in
regional and global economic growth rates and consumer preferences;
the pace of regional and global recovery from the COVID-19 pandemic
and actions taken by governments and consumers resulting from the
pandemic; changes in population growth, economic development or
migration patterns; and other factors discussed in this release and
in Item 1A of CONSOL's Annual Report on Form 10-K for 2021 and
subsequent Quarterly Reports on Forms 10-Q. The forward-looking
statements in this release speak only as of the date of this
release and CEIX disclaims any intention or obligation to update
publicly or review 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.
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SOURCE CONSOL Energy Inc.