Highlights of Targa’s Sustainability Report for the 2022 calendar year include the following:
- Reduced absolute methane emissions by 42% (as based on figures reported to the EPA), making progress towards Targa’s 2025 methane intensity reduction goals;
- Reduced flaring intensity from emissions events in the
Permian Basin by 21%; - Reduced Scope 1 and Scope 2
Greenhouse Gas (“GHG”) emissions intensity even when including newly acquired assets; - Exported approximately 4.8 billion gallons of liquefied petroleum gas (“LPG”) globally that can displace higher GHG-emitting fuels;
- Demonstrated commitment to safety through a 26% decrease in Total Recordable Incident Rate and 30% decrease in Preventable Motor Vehicle Accident Rate;
- Five Targa sites recognized by GPA Midstream for exceptional safety records;
- Formalized expectations through newly published Human Rights Policy and Indigenous Peoples Policy;
Published Task Force on Climate-Related Financial Disclosures (“TCFD”) index on efforts to identify climate-related risks and opportunities; and- Board-level Sustainability Committee continues to oversee management’s implementation of strategy to integrate sustainability into various business activities to create long-term stakeholder value.
The report also highlights efforts Targa has made or will undergo in 2023, including:
- Increase methane aerial surveys to cover all of Targa’s assets;
- Increase methane aerial surveys to cover all of Targa’s assets in the Permian basin twice during the year; and
- Increase hand-held camera monitoring to quarterly at all compressor stations and bi-monthly at all gas plants.
Please refer to the full sustainability report for additional context regarding these highlights as well as other sustainability matters. The report references the
About
Targa is a FORTUNE 500 company and is included in the S&P 500.
For more information, please visit the Company’s website at www.targaresources.com.
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Forward-Looking Statements
Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements, including statements regarding our projected financial performance and capital spending. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics or any other public health crises, commodity price volatility due to ongoing or new global conflicts, actions by the
Contact the Company's investor relations department by email at InvestorRelations@targaresources.com or by phone at (713) 584-1133.
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Chief Financial Officer
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