How, Exactly, Do Oil & Gas Companies Define ESG?
The short answer to the question posed in our headline is this: There is no one definition for environmental, social, and governance (ESG) programs in the oil and gas sector. Everyone is making up their own definition as they go. Yesterday we told you how CNX is defining ESG, in very specific, measurable terms (see CNX Investing $30M in Underprivileged Communities in Tri-state Area). Also yesterday, we told you about Chesapeake Energy signing up for the same certification program EQT previously signed up for, called Project Canary, to prove their ESG crediblity (see Chesapeake Signs Up with “Responsibly Sourced Gas” Program). Today, in another post, we tell you about EQT expanding beyond Project Canary, enrolling in two more certification programs.
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In January EQT Corporation announced it would partner with a Denver, CO company calling itself “Project Canary” to run a test on two of its shale gas pads, to prove the natural gas produces is “certified responsibly sourced” (see 
There’s a lot of gum-flapping about sustainability and Environmental, Social, and Governance (ESG) these days. It seems as if every upstream and midstream company has suddenly gotten the ESG religion. But at the end of the day, what does it actually mean? How do companies really effect positive change, not just talk about it? CNX Resources doesn’t just talk a good game. CNX is investing $30 million to focus on local, underserved communities and populations in the tri-state region. CNX is looking for real results, not just pretty slide shows to show investors.
A month ago MDN told you about some of the biggest drillers in the Marcellus/Utica announcing new or expanded ESG (environment, social, governance) programs during their quarterly updates (see 
Although we’ve heard about ESG (environment, social, governance) efforts by shale companies for years, it seems as though Marcellus/Utica drillers have only recently begun to get the ESG religion. In December we told you about an ESG panel discussion at Hart Energy’s DUG East event, normally held in Pittsburgh but virtual this year (see