U.S. Pipeline Operator Energy Transfer to Tap into Alternative Energy
(Reuters) — Energy Transfer LP said it had created a new business to ramp up efforts to develop alternative energy projects, as the pipeline operator aims to reduce its carbon footprint.
Traditional oil and gas companies are under increasing pressure to invest more in renewable energy and carbon-capture technology to battle climate change.
Energy Transfer's Alternative Energy Group will focus on renewable energy projects including solar and wind farms, either as a power purchaser or in partnership with third party developers, and will be led by the company's general counsel, Tom Mason.
The company said it would also look to develop renewable diesel and renewable natural gas opportunities, adding that these potential projects could involve the utilization of Energy Transfer's pipeline system.
Related News
Related News
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
- LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
Comments