Expands on current commitments
Power and Energy provider Dominion Energy Inc. announced new greenhouse gas emission targets, aiming to achieve net zero emissions by 2050. Dominion’s new target includes carbon dioxide and methane emissions from the company’s electricity generation and gas infrastructure operations.
Dominion is one of the largest energy providers in the U.S., with more than 7 million customers in 18 states. The new goals set by the company are an expansion to the Dominion’s prior commitments to cut methane emissions from natural gas operations by 50% between 2010 and 2030, and to cut carbon emissions from power generating facilities by 80% between 2005 and 2050. The new targets also include intermittent commitments to reduce methane emissions by 65% by 2030 from 2010 levels, and 80% by 2040. Dominion will also invest in renewable natural gas (RNG) projects, that capture methane from farms, in order to offset emissions from the company’s own natural gas operations, helping the company to achieve net zero status.
Dominion has made significant progress in improving its environmental profile over the past several years. Between 2005 and 2018, the company reduced coal from 47% of its electric generation mix to 12%, and achieved a 52% reduction in carbon emissions.
Commenting on the company’s new commitments, Dominion President and CEO Thomas F. Farrell II, said:
“Our mandate is to provide reliable and affordable energy – safely. We do that every day, all year long. But we recognize that we must also continue to be a leader in combatting climate change. Our employees have always been problem-solvers in the work we do for our customers. I am confident we can use this same mindset to help solve this challenge and leave the world a better place for future generations.
“Dominion Energy already has made important progress on emissions. This new commitment sets an even higher bar that I am confident we can – and will – reach. Net zero emissions will be good for all of our stakeholders – for our customers, communities, employees and investors.”