At Targa, we recognize that our commitment to implement programs and practices to improve environmental performance and minimize risk is important to the sustainability of our business. We believe that the value we create for our stakeholders extends beyond just compliance. While we are focused on a number of environmental activities, we have adopted the following goals: (1) lowering our GHG intensity, and in particular lowering our methane intensity, and (2) reducing flaring.
Achieved an overall 10% reduction in emissions for all criteria pollutants
Achieved a 34% decrease in flaring volumes from emissions events and a 16% decrease in the total number of flaring incidents
Invested in over 130,000 horse-power of electric compression, which was 77% of our 2020 installed horsepower, avoiding 263,350 MT/yr CO2e as compared to gas-fired compressions
Expanded environmental disclosures, including Scope 2 GHG emissions and water usage and discharge
Joined the Energy Infrastructure Council (EIC) and helped develop the ESG midstream template
Maintained Scope 1 GHG Intensity flat since 2016 even during unprecedented growth
Targa is focused in reducing methane emissions - we developed specific, near-term methane intensity reduction targets
Reducing our methane intensity to 0.08% by 2025 for our gathering and boosting segment
Reducing out methane intensity to 0.11% by 2025 for our processing segment
GHG Reduction Commitments and Goals
Since 2000, Targa has been a member company of the Environmental Protection Agency (EPA) Natural Gas STAR Program, a voluntary partnership between the EPA and oil and gas companies to reduce methane emissions.
In 2021, Targa joined Our Nation’s Energy Future (ONE Future), a coalition that comprises more than 40 natural gas companies committed to working together to voluntarily target a reduction of methane emissions intensity across the natural gas value chain to 1% (or less) by 2025. In addition, we joined API’s Environmental Partnership, a group of United States oil and gas companies that work together to improve the industry’s environmental performance, including leak detection and flaring practices.
In 2021, we developed specific, near-term methane intensity reduction targets, including:
- Reducing our methane intensity to 0.08% by 2025 for our gathering and boosting segment.
- Reducing our methane intensity to 0.11% by 2025 for our processing segment