Environment

At Kinetik, environmental stewardship is both a guiding principle and a core value deeply ingrained in our company culture.

Our approach to environmental management is driven by a strategic, integrated strategy focused on reducing greenhouse gas emissions, conserving energy and water, minimizing waste, and protecting biodiversity. Our ultimate goal is to contribute to a cleaner, more sustainable future for all.

Informed decision-making is key to driving continuous environmental improvement. Our strategies are designed to support sustainable progress, with climate change at the forefront of our efforts. We emphasize our commitment to reducing our carbon footprint and contributing to a lower-carbon future through our long-term ambition to reach net-zero greenhouse gas emissions across our Scope 1 and Scope 2 operations by 2050. This ambition is supported by interim goals including short-term annual targets as well as mid-term 2030 targets aimed at reducing greenhouse gas emissions intensity and methane emissions intensity by 35% and 30%, respectively, from a 2021 baseline.

As the environmental landscape evolves, so too will our strategies. We expect our emissions reduction goals will progress alongside advancements in technologies, best practices, and new partnerships. By integrating the latest insights and innovations where feasible, we will continually adjust our targets to align with emerging standards and objectives. We understand that achieving our greenhouse gas reduction ambitions will depend on future regulatory developments, technological advancements, changes in our asset portfolio, and economic factors. Nevertheless, we remain steadfast in our commitment to reducing emissions and will regularly assess and update our targets to reflect this ongoing dedication.

Since beginning our sustainability journey, Kinetik has implemented various tools and measures to voluntarily monitor, report, and reduce operational emissions, such as:

  • Upgrading Pneumatics
  • Installation of Electric Compression
  • Enhanced Leak Prevention
  • Installation of Advanced Continuous Emissions Monitoring Technologies
  • Aerial Emissions Monitoring Surveys
  • Sourcing Renewable Energy
  • Operational Improvements & Efficiencies

To further highlight our philosophy and how serious we are about achieving our sustainability goals, Kinetik has also:

  • Linked 100% of the Company’s debt capital structure to sustainability performance targets.
  • Incorporated greenhouse gas emissions-related metrics into the Company’s executive compensation program and employee at-risk pay program.
  • Established a New Energy Ventures team to assess opportunities to drive economic growth while promoting sustainability and decarbonization, such as carbon capture, utilization, and storage (CCUS) and carbonneutral power generation projects.