ONE Future Engages ICF for Marginal Abatement Cost Study

October 7, 2024 – Our Nation’s Energy Future (ONE Future), a coalition of approximately 50 natural gas companies taking action to reduce methane emissions, has engaged ICF, a renowned global consulting and technology services provider, to conduct its marginal abatement cost (“MAC”) study related to methane emissions prevention, detection, and abatement activities and technologies.

“ONE Future is committed to continuous improvement, and we look forward to partnering with ICF to further understand the opportunity for our members to add materially to cost-effective methane emissions reductions,” said Jim Kibler, Executive Director of ONE Future.

The results of the MAC study will inform and yield new post-2025 targets for individual segments and the supply chain that are grounded in science. These targets will help build on ONE Future’s progress to date in achieving a value chain methane emissions intensity well below its 1.0% target for six consecutive years.

“ICF is pleased to be undertaking this important project to provide the natural gas industry with sound data and objective analysis to help guide its future efforts to reduce methane emissions,” said Harry Vidas, the ICF Vice President who is managing this study.

We look forward to the ways that the MAC study results will benefit both ONE Future members and broader industry practices as we continue collaborating to reduce emissions across the natural gas value chain.

About ONE Future: ONE Future was formed when seven companies came together in 2014 with a focus to collectively achieve a science-based average rate of methane emissions across our facilities equivalent to one percent or less of total natural gas production. Since our formation, we have grown to nearly 50 companies accounting for some of the largest natural gas producers, transmission, and distribution companies in the U.S. ONE Future members operate in 25 out of the 38 production basins and have distribution operations in 36 out of the 50 states, other segments of the value chain operate in multiple regions of the country as well. Therefore, ONE Future’s data represent a geographically diverse and material share of the U.S. natural gas supply chain. For more information visit onefuture.us.

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