Shareholder resolution season has begun, and investors concerned about environmental performance and risk have filed resolutions with 9 gas producing companies, including Cabot Oil and Gas.
The resolutions seek quantifiable actions that cut environmental impact and risk in natural gas production. A particular focus is green completions and other actions that can cut methane leakage.
Methane leakage rates can be reduced and often in ways that boost the revenues and even the profitability of companies. Every gas company would be well-advised for multiple reasons to target methane leakage rates and drive them toward 1%--a tough but achievable standard of excellence that would protect environment, public safety, and companies' bottom lines.