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Environmental

Environmental

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.

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Achieved an overall 10% reduction in emissions for all criteria pollutants

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Achieved a 34% decrease in flaring volumes from emissions events and a 16% decrease in the total number of flaring incidents

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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

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Expanded environmental disclosures, including Scope 2 GHG emissions and water usage and discharge

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Joined the Energy Infrastructure Council (EIC) and helped develop the ESG midstream template

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Maintained Scope 1 GHG Intensity flat since 2016 even during unprecedented growth

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Targa is focused in reducing methane emissions - we developed specific, near-term methane intensity reduction targets

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Reducing our methane intensity to 0.08% by 2025 for our gathering and boosting segment

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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
     
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GHG Emissions Reductions and Renewable Energy

Targa continues to implement certain key projects and operating measures with a focus on reducing our methane and GHG intensity. The use of electric compression has the added advantage of reducing both Scope 1 GHG and non-GHG emissions, such as nitrogen oxides (NOx) and carbon monoxide (CO). While using electric compression initially adds to our Scope 2 GHG emissions, these emissions can decrease over time as more renewable power sources are added to the electric grid. Additionally, electric compression provides us with the opportunity to pursue renewable energy projects to power our assets and further reduce our Scope 2 emissions.

In 2020, we formed a team specifically focused on energy transition opportunities for Targa, which includes finding cost-effective, reliable power solutions for our assets that can also reduce emissions. Renewable power sources like wind and solar offer the midstream business an opportunity to reduce both criteria pollutant emissions and GHG emissions from our assets.

Environmental Programs

Our environmental programs are designed to minimize the impact of our business on the environment and our local communities. We evaluate each project to determine the appropriate emissions controls, mitigation measures, and operating parameters. When it comes to pipeline construction, each project, regardless of size, is reviewed for potential impacts to natural and cultural resources, with avoidance as our primary objective.

Environmental, Safety, and Health Statement
Biodiversity Statement

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