Enbridge's Road Map to Net-zero Emissions by 2050

By: 3BL Media

โ€˜Well underwayโ€™ on the journey, with a clear sustainability strategy to modernize, innovate and green our pipeline network

SOURCE: Enbridge

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Net-zero emissions by 2050.

Itโ€™s a sustainability target thatโ€™s โ€œabsolutely doable,โ€ says Caitlin Tessin, Enbridgeโ€™s Director of Market Innovation, โ€œwith the right road map.โ€

Last November, Enbridge was among the first North American midstream energy companies to set a hard target of net-zero greenhouse gas (GHG) emissions by the year 2050.

With Earth Day approaching on Thursday, April 22, weโ€™re now half a year into our journeyโ€”our roadmap dotted with achievable milestones, and a clear sustainability strategy propelling us forward.

โ€œAchieving net zero wonโ€™t come from a single solution. It will come from several sources,โ€ says Pete Sheffield, Enbridgeโ€™s Chief Sustainability Officer and Vice President of U.S. External Affairs. โ€œAnd while weโ€™re only six months into our plan, itโ€™s already well underway.โ€

An initial 35% intensity reduction by 2030

A significant signpost for Enbridge will arrive in 2030, by which point Enbridge has committed to reduce the intensity of GHG emissions from our operations by 35%. We plan to get there with an aggressive strategy of modernization, innovation and โ€œgreening the gridโ€ initiatives including our solar self-power projects.

โ€œSetting that initial 35% intensity reduction target helps us to focus on reducing emissions from our businesses, while at the same time growing to meet the worldโ€™s escalating appetite for energy. That target places the focus squarely on modernization and innovation,โ€ says Sheffield.

Enbridgeโ€™s program of modernization includes upgrading older and less efficient equipment in our operations, alongside enhanced maintenance programs, to reduce emissions.

Weโ€™ve also built solar farms across North Americaโ€”with several more on the wayโ€”to offset the electrical load required to move natural gas and crude oil along our pipeline networks. These solar self-power projects include:

Investing in renewables, exploring greener fuels

Achieving net zero by 2050 also means more investment in our renewable energy portfolio, and continued exploration of lower-carbon fuel sourcesโ€”such as renewable natural gas (RNG) and renewable hydrogenโ€”for introduction into the gas distribution grid of our utility, Enbridge Gas Inc.

Our renewables portfolioโ€”consisting of wind, solar, geothermal and waste heat recovery facilities either in operation or under construction, with a European offshore wind component thatโ€™s growing rapidlyโ€”has a 2,075-MW net generation capacity and meets the electricity consumption needs of about 940,000 homes, or a city about the size of San Francisco.

Enbridge Gas, meanwhile, has several RNG initiatives either in operation or under construction, including:

Enbridge Gas and its affiliates are also examining the suitability of renewable hydrogen gas in greening the natural gas grid, including:

Contributing to global emissions reduction

Enbridgeโ€™s net-zero road map has potentially positive ramifications outside of our North American footprint, too.

โ€œESG is a key enabler of our business. Globally speaking, natural gas is a lower-carbon fuel source that will play a key part in emissions reduction through the switch from coal-fired to gas-fired power generation, and weโ€™re well-positioned to support the LNG export market in that regard,โ€ says Sheffield.

โ€œOperating safely and sustainably is not new to us. Weโ€™ve been doing it for decades. Itโ€™s part of what we view as our dual responsibilityโ€”providing the energy people need and use every day, and doing it in a responsible, sustainable way.โ€

Tweet me: Check out @Enbridge's road map to #netzeroemissions by 2050. https://bit.ly/2QwbbV4

KEYWORDS: NYSE: ENB, Enbridge, 2050, net-zero emissions

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