Published by Todd Bush on December 16, 2022
WASHINGTON and LONDON, Dec. 15, 2022 /PRNewswire/ -- Washington Gas today announced the next step in its commitment to reduce greenhouse gas emissions. The company entered into transactions with Chesapeake Energy Corporation and Ascent Resources to supply its customers in the National Capital Region (NCR) with natural gas that is independently certified by MiQ. MiQ issues a certificate for each 1MMBtu of natural gas that represents where and when the gas was produced and the methane intensity of production. Production represents a large portion of natural gas value chain emissions, and these can be avoided using existing technology.
>> In Other News: Leading Agricultural Carbon Removal Company Eion Closes $12 Million Series A to Scale Production of CarbonLock™ Technology
"We are very pleased to increase our procurement of certified natural gas as we work to lower the emissions associated with the essential energy we deliver to our customers every day," said Blue Jenkins, president of Washington Gas.
Washington Gas will provide customers with gas that has been independently audited and verified as less methane-intensive using MiQ's certification standard. This standard provides producers, such as Chesapeake Energy Corporation and Ascent Resources, with a transparent A-F grading scale using third-party auditors and advanced technology providers. Both Chesapeake and Ascent's production facilities were awarded the top 'A' grades for minimizing methane emissions, reducing them to an intensity less than 0.05% – and below the production sector average.
Washington Gas' industry-leading agreement is estimated to reduce CO2 equivalent emissions by roughly 28,000 metric tons when compared to the Environmental Protection Agency - determined industry average natural gas. According to the EPA GHG equivalencies calculator, this reduction is the equivalent of taking approximately 6,000 gas-powered passenger vehicles off the road for one year.
"With the purchase of a significant batch of MiQ certified gas, Washington Gas is leading the charge amongst U.S. and global utilities, and we believe this will encourage others to join the initiative of pushing methane abatement amongst the oil and gas suppliers," said Georges Tijbosch, CEO, MiQ.
"Washington Gas is committed to ushering in innovative energy options for our customers including using fuel sources to support decarbonization. Purchasing gas from Chesapeake and Ascent that has been certified for lower methane intensity by MiQ represents another tangible action in our commitment to reduce GHG emissions and address climate change," said Melissa Adams, chief corporate social responsibility officer for Washington Gas.
The agreement went into effect on Nov. 1, 2022 and will be in place through the 2022-2023 winter heating season.
Washington Gas, a wholly owned subsidiary of AltaGas Ltd [TSX:ALA], is a regulated natural gas utility that provides safe, reliable natural gas service to more than 1.2 million customers in the District of Columbia, Maryland and Virginia. The company has been providing energy to residential, commercial and industrial customers for almost 175 years. Learn more at www.washingtongas.com. Follow us on Twitter, LinkedIn and Facebook.
MiQ is an independent not-for-profit established by RMI (formerly the Rocky Mountain Institute) and global sustainability consultancy SYSTEMIQ to facilitate a rapid reduction in methane emissions from the oil and gas sector.
MiQ is the fastest growing and a globally recognized methane emissions certification standard. Certification allows global society to credibly differentiate gas based on its methane emissions performance, providing a market mechanism that incentivizes methane reduction. MiQ's vision is to create a market where certified natural gas can be traded like other historical commodities, ultimately creating incentives to drive down methane emissions across the board.
MiQ Certificates reflect the emissions impact of each batch of gas, how much methane was leaked during production, how effective the company's methane emissions management processes and procedures are, and how robust their methane detection technology is. Together, they provide the information needed to drive market improvements.
MiQ Certification helps gas buyers better understand what they're buying and the impact it is having on the planet.
SOURCE MiQ; Washington Gas
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
Ocean Visions Releases Comprehensive Marine Carbon Dioxide Removal Ecosystem Database
WASHINGTON, DC, UNITED STATES, April 2, 2025 /EINPresswire.com/ — Ocean Visions has released a comprehensive database that provides an in-depth repository of the diverse entities in the marine carb...
Deal with Microsoft enables science research at Terradot project site in Brazil SAN FRANCISCO – Terradot, a leader in Enhanced Rock Weathering (ERW) technology, today announced an agreement with M...
Hyaxiom, Inc., Announces Nation's First Multi-megawatt, Multi-story Installation Fuel Cell Project
Charter Oak Combined Heat and Power (CHP) Project in Bridgeport aims to deliver low-emission power, high CHP efficiency, and local energy benefits EAST HARTFORD, Conn., April 2, 2025 /PRNewswire/ ...
SLINGERLANDS, N.Y., April 03, 2025 (GLOBE NEWSWIRE) -- STEF Group, European leader in transport and logistics services for temperature-controlled food products, has recently launched two hydrogen p...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.