Energy Efficiency, GHG Emissions, Industrial - August 3, 2023
EnLink Midstream Reduces Methane Emissions
EnLink Midstream, LLC achieved reductions of 2,866 metric tons (MT) of methane emissions or approximately 71,650 MT of carbon dioxide equivalent (CO₂e) emissions in 2022.
The pipeline company is approximately 63% of the way to completing its goal of achieving a 30% reduction in scope 1 methane emissions intensity over 2020 levels by 2024.
EnLink Midstream also tied 80% of EnLink's executive compensation to performance-driven incentives and targeted compensation for each executive role at the market median (50th percentile).
The midstream company also announced an agreement to provide carbon transportation for ExxonMobil in support of carbon capture and sequestration (CCS) activities that will reduce existing emissions in an industrial area of Louisiana and continued to pursue energy transformation opportunities that leverage EnLink's extensive pipeline network to build a scalable CCS business.
Details were issued in its 2022 Sustainability Report.
"EnLink's 2022 Sustainability Report demonstrates how a focus on sustainability at all levels of the company can create value for our employees, customers, communities, and investors," EnLink Chief Executive Officer Jesse Arenivas said in a statement. "While last year was impressive, we are looking forward to the 'future of midstream' that EnLink is building, coupling traditional midstream (oil and gas delivery) with new midstream (carbon transportation solutions). We're providing energy products critical to powering our modern society and promoting America's energy independence, while also offering solutions to reduce greenhouse gas emissions across multiple industries that utilize these products."
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