ESG Insider: A podcast from S&P Global cover image

ESG Insider: A podcast from S&P Global

Head of major US gas utility outlines path to net-zero emissions

Jul 27, 2020
23:29
"This isn't just a pie-in-the-sky commitment or announcement. This is something that we spent a lot of time researching and analyzing and studying," DTE Gas Co. President and COO Matt Paul said of the company's plan to achieve net-zero emissions by 2050.   Paul made the comment in an exclusive interview with ESG Insider, an S&P Global podcast about environmental, social and governance issues.   DTE Gas parent company DTE Energy is among the largest electric and gas companies in the U.S. and serves 2.2 million electricity customers and 1.3 million gas customers in Michigan. In June, it expanded its existing goal of achieving net-zero greenhouse gas emissions by 2050 to also include its natural gas distribution and gas retail sales operations. The company joins a growing list of U.S. electric and gas utilities that have made deep decarbonization pledges.   But achieving net-zero emissions can be a complicated feat and requires different strategies for different types of companies. For example, electric utilities can reduce the majority of their carbon emissions by retiring coal-fired power plants and replacing that generation with wind, solar and battery projects. However, not all companies have the option of changin​g their power fleet to achieve their goal.   In the interview, Paul detailed DTE Gas' strategy for achieving net-zero emissions within its operations and from suppliers, such as oil and gas drillers and owners of major interstate pipelines that transport the gas to its distribution system. Paul also noted that DTE Gas is looking to help customers who use natural gas for home heating and other purposes offset their associated emissions.   Paul said that the company will need to rely on carbon offsets for a portion of its goal and described how DTE Gas is already taking steps to ensure those options are available for the future.   Listen the episode to hear the full interview, and subscriber to ESG Insider to catch future episodes.    (Photo: AP)

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode