Southwestern Energy CEO talks ESG and why it’s amping up its efforts even further
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 SaaS-based data analytics company focused on accurate corporate climate ESG data for emission-intensive industrial companies. We are the leaders in holistic environmental assessments (air, water, land, and community). Project Canary scores responsible operations, delivering independent emission profiles via high-fidelity continuous monitoring technology to provide actionable environmental performance data. Our sensor portfolio includes high-fidelity spectroscopy-based methane detection and emissions quantification for the oil and gas sectors, plus Aeris Technologies’ laser-based gas analyzers covering other emissions, including ethane, nitrous oxide, formaldehyde, ethylene oxide, benzene, and more. Formed as a Public Benefit Corporation, Project Canary’s Denver-based team of scientists, engineers, and seasoned industry operators identify and quantify areas to reduce emissions. www.projectcanary.com