National Fuel Gas Company Releases Inaugural Climate Report

Rhea-AI Summary

National Fuel Gas Company released its 2022 Climate Report, enhancing its ESG disclosures and aligning with the TCFD framework. The report emphasizes the company's resilience to climate change risks and outlines its commitment to the energy transition. President David P. Bauer articulated the role of natural gas in future energy needs and detailed the company's three-pronged approach to climate change: reducing emissions, advancing energy conservation, and embracing new technologies. The report covers the company's upstream, midstream, and downstream operations and is available online.

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• The 2022 Climate Report enhances ESG disclosures, aligning with stakeholder priorities.
• Demonstrates operational resilience to climate change risks, supporting investor confidence.
• Outlines a clear strategy for reducing emissions and advancing energy conservation.

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• None.

WILLIAMSVILLE, N.Y., March 07, 2022 (GLOBE NEWSWIRE) -- Today, National Fuel Gas Company (National Fuel or the Company) released its 2022 Climate Report (Report), broadening the Company’s ongoing efforts to enhance its environmental, social, and governance (ESG) disclosures. In line with identified stakeholder priorities, the Report supports the Company’s climate-risk disclosures with the Task Force on Climate-Related Financial Disclosures (“TCFD”) framework.

National Fuel continues to take important steps to position its business to play a meaningful role in a lower carbon economy. This Report describes many of those efforts, highlighting the resilience of its operations to potential risks associated with climate change, and identifying opportunities to further participate in the ongoing energy transition.

“As we look to the future, it’s clear that natural gas will play an important role in meeting the world’s energy needs and will remain a critical part of the energy solution,” said David P. Bauer, President and Chief Executive Officer of National Fuel Gas Company. “As this report describes, our assets and operations are expected to be resilient to climate risk and will provide a strong foundation for the Company’s long-term role in the energy complex. Our approach to addressing climate change and reducing our carbon footprint is threefold: reduce emissions, advance energy conservation, and embrace technology and the development of low- and zero-carbon fuels.”

Climate risk reporting is an evolving practice and National Fuel is committed to continuous improvement of its analytical methods, public reporting and stakeholder engagement. This Report addresses National Fuel’s Upstream, Midstream, and Downstream operations and is available at www.nationalfuel.com/corporate/reports-and-resources.

About National Fuel Gas Company: National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. Additional information about National Fuel is available at www.nationalfuel.com.

FAQ

What are the main highlights of National Fuel Gas Company's 2022 Climate Report?

The report emphasizes resilience to climate change risks, alignment with TCFD framework, and strategies to reduce emissions.

How does National Fuel Gas Company plan to address climate change?

The company plans to reduce emissions, advance energy conservation, and embrace technology for low- and zero-carbon fuels.

Where can I access the 2022 Climate Report for National Fuel Gas Company?

The report is available on the company's official website.

What is the significance of the TCFD framework for National Fuel Gas Company?

It enhances climate-risk disclosures and aligns with stakeholder priorities regarding sustainability.