Williams Announces Participation in The Environmental Partnership
January 29 2020 - 6:45AM
Business Wire
Continuing its focus on responsible stewardship, Williams (NYSE:
WMB) today announced that it has joined The Environmental
Partnership, a growing coalition of companies responsible for
meeting the nation’s growing demand for low cost energy that have
committed to improving environmental performance and accelerating
emissions reductions.
“Natural gas is a critical part of our nation’s clean energy
future and provides immediate, practical solutions to reducing
emissions,” said Alan Armstrong, Williams’ president and chief
executive officer. “As an industry leader that handles 30% of the
natural gas in the United States, Williams knows that the industry
is capable of being part of the solution, as actions supported by
The Environmental Partnership demonstrate. These efforts align with
our own commitment to contribute to a safe and sustainable
future.”
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%. In addition,
Williams has sponsored and participated in five Colorado State
University/Department of Energy methane emissions studies. Williams
also supports Colorado State University’s Methane Emissions
Technology Evaluation Center and funds methane reduction projects
at Pipeline Research Council International.
As one of the nation’s largest gatherers, processors and
transporters of natural gas, Williams plays a critical role in
bringing this clean and affordable resource to electric generation,
industry and homes, resulting in cleaner air.
The Company continues to emphasize the important role natural
gas plays in addressing environmental concerns regarding air
quality and climate change, particularly when it comes to
displacing or providing alternatives to more polluting fuels.
Natural gas is a flexible, lower-emission fuel compared to other
hydrocarbons such as coal or heating oil. And, because the U.S. has
an abundant supply of natural gas, using this local, cleaner
resource has significantly reduced U.S. emissions.
The Environmental Partnership, sponsored by API, consists of
U.S. natural gas and oil production, processing, and transmission
companies operating in every major oil and gas basin across the
country. The organization provides a forum for participants to
share information and analyze best practices and technological
breakthroughs in order to responsibly develop essential natural gas
and oil resources.
About Williams
Williams (NYSE: WMB) is committed to being the leader in
providing infrastructure that safely delivers natural gas products
to reliably fuel the clean energy economy. 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 connects the best supplies with the
growing demand for clean energy. Williams owns and operates more
than 30,000 miles of pipelines system wide – including Transco, the
nation’s largest volume and fastest growing pipeline – and handles
approximately 30 percent of the natural gas in the United States
that is used every day for clean-power generation, heating and
industrial use. 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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INVESTOR CONTACTS: Brett Krieg (918) 573-4614
Grace Scott (918) 573-1092
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