Are ESG-driven Green Technologies the Future of Fracking?

As ESG gains momentum, the pressure for sustainable production is pushing upstream companies to adopt new technologies for cleaner fracturing operations.

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From investor calls to annual reports, ESG is the talk of the town for both operators and service companies facing immense pressure to lower the carbon footprint of their operations, and clearly, fracking is no exception. Upstream companies are increasingly focusing on adopting an ESG-conscious approach to fracking operations amid constant scrutiny of the impact of hydraulic fracturing on the environment and climate change.

“The genie is out of the bottle for climate change,” Jonathan Rogers, CEO of Locus Bio-Energy Solutions, told Hart Energy, adding that there is immense pressure on oil producers from both the Biden administration and investors to adhere to ESG standards in oil production. “Oil and gas isn’t going away, but we’ve got to adopt a step change in the way we produce it and especially focus on how we maximize our ESG efficiency,” he said.

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Faiza Rizvi

Faiza Rizvi is a senior associate editor of Business & ESG for Hart Energy's editorial department, with a strong focus on E&P Plus and HartEnergy.com. She has been covering all facets of the U.S. and international energy industry for over 5 years.