DCP Midstream Joins The Environmental Partnership
February 03 2021 - 7:47PM
Today, DCP Midstream (NYSE: DCP) announced it has joined The
Environmental Partnership, a growing coalition of companies in the
U.S. oil and natural gas industry committed to continuously
improving the industry’s environmental performance by taking action
in operations; building upon our knowledge; and fostering
collaboration.
Natural gas is a critical component of our
nation’s energy future and transition. As one of the largest
natural gas processors in the U.S., DCP plays a critical role in
the energy value chain that drives our society. The company
believes that industry has a responsibility to innovate and has a
role to play in our nation’s clean energy future.
“DCP Midstream is committed to adopting industry
leading best-practices and technologies focused on reducing our
environmental footprint,” said Jerry Barnhill, group vice president
and chief Environmental, Health, Safety and Operational Risk
officer. “Joining The Environmental Partnership aligns with our
sustainability goals, ongoing and continuous methane reduction
activities, and overall effort to improve our environmental
performance. This partnership will increase our opportunity to
collaborate with industry partners and grow our industry leadership
in sustainability and operational excellence.”
DCP is focused on long-term sustainability –
committed to safety, social responsibility, diversity,
environmental leadership, ethical business practices, and
innovation to ensure the decisions the company makes today are also
the right decisions for the future. DCP published its inaugural
Sustainability Report in 2020 and to specifically advance the
company’s sustainability goals teamed with Kairos Aerospace to
launch the largest industry-led methane survey in the U.S.
Participants in The Environmental Partnership, an
initiative of the American Petroleum Institute, believe that
addressing environmental impacts is an important component of
securing America’s long-term energy future. To that end, The
Environmental Partnership’s initial focus is on solutions that are
technically feasible, commercially proven and will result in
significant emissions reductions. The Environmental Partnership
will provide a forum for participants to share information and
analyze best practices and technological breakthroughs in order to
help improve our understanding of emissions and how best to reduce
them.
ABOUT DCP MIDSTREAM, LP DCP
Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master
limited partnership headquartered in Denver, Colorado, with a
diversified portfolio of gathering, processing, logistics and
marketing assets. DCP is one of the largest natural gas liquids
producers and marketers and one of the largest natural gas
processors in the U.S. The owner of DCP’s general partner
is a joint venture between Enbridge and Phillips 66. For more
information, visit the DCP Midstream, LP website
at www.dcpmidstream.com.
ABOUT API API represents all
segments of America’s oil and natural gas industry. Its more than
600 members produce, process, and distribute most of the nation’s
energy. The industry supports more than ten million U.S. jobs and
is backed by a growing grassroots movement of millions of
Americans. API was formed in 1919 as a standards-setting
organization. In its first 100 years, API has developed more than
700 standards to enhance operational and environmental safety,
efficiency and sustainability.
FORWARD-LOOKING STATEMENTS This
news release contains forward-looking statements regarding DCP
Midstream, LP (the “Partnership” or “DCP”) and its affiliates,
including projections, estimates, forecasts, plans and objectives.
Although management believes that expectations reflected in such
forward-looking statements are reasonable, no assurance can be
given that such expectations will prove to be correct. In addition,
these statements are subject to certain risks, uncertainties and
other assumptions that are difficult to predict and may be beyond
our control. If one or more of these risks or uncertainties
materialize, or if underlying assumptions prove incorrect, the
Partnership’s actual results may vary materially from what
management anticipated, estimated, forecasted, projected or
expected.
The key risk factors that may have a direct
bearing on the Partnership’s results of operations and financial
condition are described in detail in the Partnership’s annual and
quarterly reports most recently filed with the Securities and
Exchange Commission. The Partnership undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise except
as required by applicable securities laws. Information contained
herein speaks only as of the date hereof and is subject to
change.
Media Contact: Jeanette Alberg
303-605-3424
Investor Contact: Sarah Sandberg
303-605-1626
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