Southwestern Energy CEO talks ESG and why it’s amping up its efforts even further

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By Paul J. Gough

To Southwestern Energy CEO Bill Way, his natural gas drilling company’s deal with Project Canary to put continuous methane emissions monitoring on its well pad is the next step of its yearslongs focus on ESG.

Southwestern (NYSE: SWN) announced a deal with methane monitoring firm Project Canary last week, one of the ESG-related projects Appalachian natural gas drillers have been reaching with outside firms and nonprofits. But the announcement is just the latest in a pioneering role Southwestern played five years ago when it was the first in the Appalachian basin to not only have methane monitoring but also a deal to certify what is called responsibly sourced natural gas, or RSG. RSG is an emerging standard for natural gas drilling that combines best practices, third-party monitoring and a focus on greenhouse gas emissions.

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About Project Canary

Project Canary is a climate technology company that offers an enterprise emissions data platform that helps companies identify, measure, understand, and act to reduce emissions across the energy value chain. Given its outsized impact, the Company started with methane and has since expanded to other greenhouse gasses. Project Canary’s mission is to Measure It — leveraging sophisticated software solutions to help companies improve and report on their emissions footprint. They do this by building high-fidelity sensors, ingesting data from various other technologies and sources, characterizing the accuracy of such emissions data, and deploying advanced physics-based AI-powered models to identify leaks and quantify emissions.
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