Energy Efficiency, GHG Emissions, Industrial  -  July 26, 2022

Hess Sets 2025 Goals

Hess Corporation plans to reduce both Scope 1 and 2 GHG and methane emissions intensities by approximately 50% from 2017 and to achieve zero routine flaring from its operations by the end of 2025. 

The oil and gas company set new five-year reduction targets for 2025 after significantly outperforming its five-year emissions reduction targets for 2020.

In 2021, Hess made significant progress toward these five-year targets. To help mitigate emissions, Hess is contributing to groundbreaking work by the Salk Institute to develop plants with larger root systems that are capable of absorbing and storing potentially billions of tons of carbon per year from the atmosphere.

Details were provided in its annual sustainability report.

 “We believe climate risks can and should be addressed while at the same time meeting the growing demand for affordable and secure energy, which is essential to ensuring a just and orderly energy transition,” CEO John Hess said in a statement. “Our strategy is to deliver high return resource growth, a low cost of supply and industry-leading cash flow growth – while at the same time maintaining our industry leadership in ESG performance and disclosure.”

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