Energy Efficiency, GHG Emissions, Industrial - September 7, 2022
Callon Petroleum Achieves Emissions Reduction
Callon Petroleum achieved an 11% reduction in GHG emissions intensity for legacy Callon1 and a 2% reduction in overall GHG emissions intensity, including initial impact of acquired Delaware Basin assets.
The oil company announced updated and accelerated emission reduction goals in early 2022, including a new methane emissions reduction target, expanded the company's TCFD disclosures, including a discussion of the resiliency of the company's strategy under various climate-related scenarios and redesigned the executive compensation program in 2021 to align with investor priorities including ESG and enhanced the program in 2022 by adding a long-term GHG reduction incentive.
Details were announced in the publication of the company's 2021 Sustainability Report, titled Shaping Our Future.
"I am proud to share Callon's tangible improvements that highlight our ongoing commitment to top-tier ESG performance," said Joe Gatto, President and CEO in a statement. "Our efforts are marked by clear action plans and a dedication to meaningful, quantifiable goals, coupled with critical linkages to executive and broader corporate compensation plans. I am confident that this report will provide readers with a deeper understanding of how we embrace sustainability in all facets of our business.”
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