Williams Highlights Focus on Corporate Responsibility and Sustainability; Announces Membership in ONE Future
June 11 2019 - 4:30PM
Business Wire
Highlighting its focus on corporate responsibility and
sustainability, Williams (NYSE: WMB) today announced that it has
joined Our Nation’s Energy Future Coalition (“ONE Future”), a
natural gas industry-led organization dedicated to voluntarily
achieving meaningful reductions in methane emissions across the
natural gas value chain.
“Williams is proud to partner with ONE Future and the other
member companies in demonstrating our ongoing commitment to
environmental responsibility,” said Alan Armstrong, Williams’
president and chief executive officer. “As an industry leader that
handles approximately 30% of the nation’s natural gas, Williams
supports effective, voluntary programs to reduce emissions.”
Williams continues to make strides in reducing greenhouse gas
emissions from its operations. Since 2012, reported methane
emissions from Williams’ gas processing plants and transmission
compressor stations have been reduced by more than 53%, even while
increasing throughput at these facilities by 21%. As a Natural Gas
STAR Program member since its inception in 1993, Williams
successfully implemented and reported pressure-reduction using
recompression to lower gas-line pressure before pipeline
maintenance. In 2018, this recompression program resulted in a
reduction of pipeline blowdown greenhouse gas emissions by 83.5% at
Williams. Additionally, in August 2018, Williams and other members
of the Interstate Natural Gas Association of America made a
commitment to continuously minimize methane emissions from
interstate natural gas transmission and storage operations.
“Williams is a strong addition to our coalition,” said Richard
Hyde, executive director, ONE Future. “Their proven dedication to
environmental stewardship should provide good thought leadership
for the organization’s growth as we work to identify new methods
for reducing methane emissions.”
Williams is the 17th company to join ONE Future since the
organization began in 2014. ONE Future was formed when eight
companies came together with a focus to collectively achieve a
science-based average rate of methane emissions across its
facilities to one percent (or less) of total natural gas production
by 2025. The organization now includes companies accounting for
some of the largest natural gas producers, transmission and
distribution companies in the U.S.
About Williams
Williams (NYSE: WMB) is a premier provider of large-scale
infrastructure connecting U.S. natural gas and natural gas products
to growing demand for cleaner fuel and feedstocks. Headquartered in
Tulsa, Oklahoma, Williams is an industry-leading, investment grade
C-Corp with operations across the natural gas value chain including
gathering, processing, interstate transportation and storage of
natural gas and natural gas liquids. With major positions in top
U.S. supply basins, Williams owns and operates more than 30,000
miles of pipelines system wide – including Transco, the nation’s
largest volume and fastest growing pipeline – providing natural gas
for clean-power generation, heating and industrial use. Williams’
operations handle approximately 30% of U.S. natural gas.
www.williams.com
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the company
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the company’s
annual and quarterly reports filed with the Securities and Exchange
Commission.
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