When ONE Future started in 2014, it was seven companies that came together with an idea to reduce emissions to 1.0% or less by 2025, to ensure the future of natural gas as a foundational fuel. Since then, our membership has increased more than seven-fold and we are now more than 50 members strong.
We began reporting our emission intensity in 2017 and our members have exceeded our goal in each of the years that we have reported. This latest report shows that our methane intensity, based on 2020 data, was less than one half of one percent. In other words, our members are 99.58% efficient in delivering a molecule of gas from the rig to the burner tip. Natural gas plays a critical role in providing much-needed energy to nearly 179 million Americans every day. It is a key driver in fueling our country’s economy; and its demand will not diminish, even in a net-zero carbon economy.
Natural gas powers more than half of the country’s commercial buildings and is the largest source of reliable electricity generation – 38%. Natural gas is plentiful, affordable, reliable, and clean; the growing use of natural gas in the U.S. has reduced the nation’s methane emissions and lowered household heating and cooking costs. The lower cost and more reliable our energy is, the more competitive every American company is, lowering the cost of living for every American.
While natural gas is critical to our way of life, we realize that our emissions must remain low to ensure its sustainability long-term. ONE Future’s results show that a performance-based approach works, today and tomorrow. We believe industry can further lower emissions as well as energy costs when energy policy makers don’t pick winners and losers. An “all of the above” policy would result in lifting restrictions on fracking and much needed pipelines would be constructed.
The natural gas industry is one of the safest, innovative, and essential industries in the world, but we must do a better job in conveying this message to the public. I encourage everyone that reads this report to reach out to your colleagues, friends and neighbors and share the highlights of the report to let people know that the natural gas industry is doing the right thing to ensure that our product is safe, clean and cost efficient, and that it’s something that Americans can’t do without.