May 20, 2019
In an article that ran in the Houston Chronicle, a new report was highlighted from the shareholder advocacy group As You Sow and investment advisory firm Boston Common Asset Management that ranks oil companies based on their water and chemicals management practices.
Using public disclosures to evaluate 25 criteria, the report ranked the companies based on their management of water and chemicals in the horizontal drilling and hydraulic fracturing processes.
The report reviewed 30 of the largest publicly traded oil and gas companies in the United States and Canada.
“The best companies are increasing their water efficiency, re-using water from operations, using non-potable waste streams, and even treating wastewater,” As You Sow Energy Program Manager Lila Holzman said in a statement.
The ONE Future member companies that were recognized help to form a unique coalition that recognizes excessive methane emissions can potentially erode the benefits of natural gas relative to other fossil fuels and therefore prudent development and operations are vital to ensuring the industry can support the energy needs of the nation and the world in a sustainable manner, even in a low carbon economy.
With operations across every part of the natural gas value chain, ONE Future is focused on identifying technical solutions that yield continuous improvement in the management of methane emissions associated with the production, processing, transmission and distribution of natural gas.