We recognize that climate change is a complex global issue that requires governments, businesses and communities working together on appropriate, achievable policies.
We are committed to playing our part in helping to meet the goal of a lower carbon world and increasing global energy demands in a way that protects the health and safety of our employees, safeguards the environment and contributes to the sustainability of the communities in which we operate while also delivering long-term value to our shareholders.
THE BENEFITS OF NATURAL GAS FOR MANAGING CLIMATE-RELATED RISKS
Natural gas must play a key role in the global economic transition to lower-carbon and renewable energy sources. Natural gas has many inherent environmental, economic and energy creation benefits when compared to other energy sources.
From an environmental perspective, natural gas emits approximately 50% lower carbon dioxide emissions compared to coal when burned. The U.S.’s transition to consuming natural gas for energy generation has had a transformational reduction in the nation’s CO2 emissions levels. In fact, thanks in large part to natural gas, the U.S. has led the world in lowering CO2 emissions, and with the clear majority of DGO's production comprised of natural gas, we are proud to play a role in this favorable result. Approximately 99% of our 2019 production was cleaner burning natural gas and natural gas liquids.
Based on the many energy transition scenarios that exist, including those held by the International Energy Agency and U.S. Energy Information Administration, natural gas will remain a primary resource for future energy demand. Recognizing the potential impact that future climate change regulation may have on our business and strategic objectives, we strive to responsibly and safely deliver an energy resource that is vital to meet the growing global demand for energy while also being a leader in the energy transition.
For more information on DGO's climate change considerations, please refer to our Sustainability Report.