Virginia Natural Gas signed a deal that will help the company reduce its greenhouse gas emissions.
VNG will begin purchasing one-fifth of its gas from Southwestern Energy, which will help the natural gas utility with its goal of being the first utility to provide customers with natural gas that is sourced, transported and distributed by companies pledging to reduce greenhouse gas emissions to less than one percent by 2025.
“Our customers want their fuel of choice to be both clean and economical,” Jim Kibler, the president of VNG, said in a news release.
“Stakeholders want to know we’re working to be a part of the climate solution,” Kibler said. “This independent third-party certification using state-of-the-art wells provides both transparency and accountability. We know that to meet our goals will require not only aspiration but working with our stakeholders, regulators, and supply chain partners to obtain excellent results for our customers and our communities.”
VNG and SWE are both part of ONE Future, an organization whose members are seeking to remove virtually all of its carbon emissions by 2025. VNG is also participating in the Steps to Advance Virginia’s Energy (SAVE) infrastructure replacement program, which seeks to replace older and aging pipes to reduce carbon emissions.
“I am excited to see two founding members of ONE Future enter into this agreement which enables both companies to continue the hard work they have put into in reducing methane emissions over the last several years, Richard Hyde, the executive director of ONE Future said in the news release. “I think these types of agreements prove that reducing methane emissions is a critical part of helping to ensure the reliability and sustainability of our nation’s energy supply as the economy moves toward lower carbon usage.”
This move will assist Gov. Ralph Northam in his recent environmental efforts. Just over a month ago, Northam announced a plan to eliminate all carbon-emitting energy sources from the state by 2050. He tasked the The Department of Environmental Quality and other agencies to develop a detailed plan on reaching this goal so that he can propose the idea to the state legislature.