Historically, regulatory agencies have approached environmental problems with a prescriptive approach. This approach mandates the adoption of specific technologies, practices or procedures for all facilities or operations of a certain type. The focus is not on the outcome, but rather the process. Not only is it costly with diminishing returns over time, but it also stifles the adoption of new innovations. ONE Future uses science-based technology and methods to reduce emissions across the entire natural gas supply chain.
With one goal in mind, each member has the flexibility to deploy their capital where it will be maximally effective in reducing emissions. For one company that may be deploying an innovative technology, for another modifying a work practice, or another retiring an asset. To demonstrate credible and measurable results, ONE Future members agree to measure their emissions and track their progress over time according to uniform, EPA-approved reporting protocols. This is effective, because most studies demonstrate that the majority of methane emissions come from a small fraction of sources. Our approach allows companies to focus their resources on identifying and addressing those sources.
Using uniform, EPA-approved reporting protocols, the coalition registered a 2019 methane intensity number of 0.334%, beating its one percent goal by 67%. Although we have surpassed our original goal, member companies will continue to work towards reducing emissions to improve the quality of life for all, and for a sustainable energy future.
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