Major US Shale Producer Pioneer Natural Resources Sets Net-zero Target

Pioneer Natural Resources on Sept. 15 adopted a net-zero ambition by 2050 for both Scope 1 and Scope 2 emissions that the U.S. shale producer says builds on many key initiatives already underway.

Hart Energy Staff
Major US Shale Producer Pioneer Natural Resources Sets Net-zero Target

Pioneer also plans to release its first-ever Climate Risk Report later this year detailing the company’s progress towards fully implementing Task Force on Climate-related Financial Disclosure principles into its business strategy, risk management, scenario planning and target and goal setting processes. (Source: Photo collage by Hart Energy; images by Pioneer Natural Resources Co., Hart Energy)

Pioneer Natural Resources Co. adopted a net-zero emissions target on Sept. 15 that CEO Scott D. Sheffield said will ensure the major U.S. shale producer remains an “ESG leader.”

“We are dedicated to reducing our emissions intensities, being proactive and transparent in our engagement with stakeholders and the communities in which we operate and ensuring our governance policies and performance metrics align with our ESG goals,” Sheffield commented in a company release.

Pioneer is a large independent oil and gas E&P company with operations focused in the Permian Basin. The company grew its acreage position in the basin to over 1 million net acres earlier this year following back-to-back acquisitions of Parsley Energy and DoublePoint Energy.

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