How the Oil and Gas Industry are Increasing ESG Compliance

 

To align with a national push towards more sustainable operations, the oil and gas industry are focused on increasing ESG compliance. What can these companies do to alter their operations, and what impact will these changes have on their environmental footprint? VP of Business Development at Pioneer EnergyJoseph Palaia gives his insight.

Joseph’s Thoughts:

“I wanted to give you guys a little bit of an update on the industry. Right now, there’s a lot of interest in the oil and gas industry on increasing ESG compliance. So, this is environmental, social and governance is what ESG stands for. A lot of companies are, and their stakeholders are interested in improving the environmental footprint and environmental aspects of their company.

That’s the environment is the biggest part of that by far, that they’re focusing on. There’s a lot of emissions that come from oil and gas operations and that is just the nature of the beast. And these companies are in this current environment with private administration really focusing on emissions is a big thing that they want to address.

There’s a lot of focus on these companies taking a look at their operations, trying to figure out okay, what can we do? Can we do this in a more responsible way? Is there new technology that we can employ? Can we deploy equipment to be able to see where there are emissions from our operations, and then what can we do about those emissions?

So, in general, my opinion is that this is a good thing for the industry. It’s a good thing for our country, in general, to be focusing on eliminating these sources of waste and tightening up these operations. And by and large, the industry is really supportive of this and is aggressively trying to do the right thing.”

 

Follow us on social media for the latest updates in B2B!

Image

Latest

energy infrastructure
New Energy Infrastructure Vs. Extending Fossil Fuel Plants: How Should the Energy Industry Tackle Aging Power-Generation Assets?
February 28, 2024

If the expected surge in power demand is anything to go by, the U.S. power grid could be in trouble. Fueled by clean energy projects and a massive shift towards electric vehicles by 2030, it’s clear the grid could face major strain — and even blackouts. Unfortunately, the U.S. has already faced such disasters: […]

Read More
Dr. Christopher King Georgetown's inaugural Dean of Health
The Visionary Work That Led Dr. Christopher King to Becoming Georgetown’s Inaugural Dean of Health
February 28, 2024

Currently, the healthcare system is grappling with issues of equity, access, and the integration of social determinants of health. As a result, the conversation around transformative leadership in healthcare education has never been more crucial. Amidst a backdrop of systemic challenges, including structural racism and socioeconomic disparities, the role of education in shaping the […]

Read More
diversity equity
The Key to Increasing Profits? Integrating Diversity and Equity into Recruitments, Promotions and Retention
February 27, 2024

How can organizations truly integrate diversity, equity, inclusion, and belonging (DEIB) into their core operations to not only foster a sense of community but also enhance performance and profitability? Geoffrey M. Roche, Director of Workforce Development (North America) at Siemens Healthineers, brings a wealth of experience in leadership, education, culture, and workforce transformation, emphasizing […]

Read More
Risk management and employee well-being
Merging Risk Management with Employee Well-Being is the Secret to Unlocking Workplace Potential
February 27, 2024

In today’s rapidly evolving business landscape, the convergence of risk management, business insurance, and employee benefits has emerged as a critical focal point for organizations aiming to foster a resilient and thriving workforce. This intersection of risk management and employee well-being addresses not just the physical assets of a company but extends to the […]

Read More