Press release
Chesapeake Energy Corporation Announces New Collaboration With MiQ And Equitable Origin To Provide Independent Certification Of Its Natural Gas Production In Two Major U.S. Shale Basins
- Chesapeake is the first company to independently certify and continuously monitor its natural gas production across two major shale gas basins under the
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[{"type":"text","content":"- Chesapeake is the first company to independently certify and continuously monitor its natural gas production across two major shale gas basins under the standards developed by MIQ and Equitable Origin\n - Certification supports Chesapeake's pledge to reduce methane and greenhouse gas (GHG) intensity and achieve net-zero direct greenhouse gases by 2035\n\n\nOKLAHOMA CITY, July 14, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK) today announced a new collaboration with MiQ and Equitable Origin to begin independent certification of its natural gas production under the MiQ methane standard and the EO100TM Standard for Responsible Energy Development, which covers a broad range of environmental, social and governance (ESG) criteria.\n\n \n \n \n \n \n \n\n \nChesapeake will work with MiQ and Equitable Origin to initially certify production across its Gulf Coast asset before expanding into its Appalachia asset, making Chesapeake the first company to certify production across two major shale basins. This new project demonstrates Chesapeake's commitment to environmental stewardship and sustainable production across its gas basins. Chesapeake has pledged to reduce methane intensity to 0.09% by 2025, and MiQ Certification will provide a verified approach to tracking this commitment, as well as support Chesapeake in its overall objective of achieving net-zero direct greenhouse gas emissions by 2035. \nMike Wichterich, Chesapeake's Board Chairman and Interim Chief Executive Officer, commented, \"Leading a responsible energy future is core to Chesapeake's values, and this partnership marks another important step as we advance our focus on differentially lowering our methane and GHG intensity in pursuit of achieving our pledge to reach net-zero direct emissions. Chesapeake's multi-basin portfolio and the technical expertise of our talented employees provide the company a unique operating platform to play a leadership role in delivering responsibly sourced natural gas to users around the world.\" \nMiQ, a non-profit partnership between RMI and SYSTEMIQ, is pioneering a market-based approach to rapidly reduce methane emissions across the natural gas sector. Its quantitative certification standard – the MiQ Standard – factors in methane intensity, company practices, and methane detection. MiQ certified natural gas embodies a co...