ONEOK announces emissions reduction target
In September 2021 ONEOK Inc (ONEOK) announced a companywide greenhouse gas (GHG) emission reduction target. The company expects to achieve an absolute 30.0% reduction, or 2.2 million metric tons (MMT), of its combined Scope 1 and Scope 2 emissions by 2030, compared with 2019 base-year levels. In addition to this target, the company’s dedicated sustainability and renewables teams are actively researching opportunities that will complement its extensive midstream assets and expertise, strengthening the vital role ONEOK expects to play in a lower-carbon economy.
Competition|ESG|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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