Southern California Gas Co., the largest gas utility in the U.S. known as SoCalGas, on March 23 set a target to achieve net-zero emissions in its operations and delivery of energy by 2045.
The commitment makes SoCalGas the largest gas distribution utility in North America to set a net-zero emissions target, according to a company press release.
“Our mission is to build the cleanest, safest and most innovative energy company in America,” Scott Drury, SoCalGas CEO, said in a statement on March 23. “We will lead the energy transition by providing clean fuels and innovative technologies essential to carbon neutrality for California.”
SoCalGas, a unit of Sempra Energy, serves nearly 22 million residents of California, representing half the state’s population. Its commitment announced March 23 aligns with the Paris Climate Agreement’s recommendations.
“Through collaboration and partnership, California can develop clean energy solutions at scale and serve as a global beacon for energy innovation,” Drury added.
SoCalGas said its net-zero pledge includes scopes 1, 2, and 3 greenhouse gas emissions, meaning the company is aiming to eliminate not only its own direct emissions, but also those generated by customers’ energy delivered by SoCalGas’ energy infrastructure.
Additionally, SoCalGas also unveiled plans on March 23 to invest in initiatives to decarbonize, diversify and digitalize the business over the next five years to help support achieving its net-zero ambitions.
Headquartered in Los Angeles, SoCalGas is focused on delivering “affordable, reliable, clean and increasingly renewable” gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California, where more than 90% of residents use natural gas for heating, hot water, cooking, drying clothes or other uses, the company release said.
Recommended Reading
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-26 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Initiative Equity Partners Acquires Equity in Renewable Firm ArtIn Energy
2024-04-26 - Initiative Equity Partners is taking steps to accelerate deployment of renewable energy globally, including in North America.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says
2024-04-26 - Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.