Story at a glance
- The reduction covers carbon dioxide and methane emissions.
- Dominion’s CEO said the company must “continue to be a leader in combating climate change.”
- The goal requires the use of technologies that are not currently in widespread use, like carbon capture.
Dominion Energy is aiming to reach net zero greenhouse gas emissions by 2050, expanding the company’s previous pledges to cut emissions.
The company based in Richmond, Va., announced Tuesday that the reduction goal covers carbon dioxide and methane emissions, the dominant greenhouse gases, from its electricity generation and gas infrastructure operations.
“Our mandate is to provide reliable and affordable energy — safely. We do that every day, all year long. But we recognize that we must also continue to be a leader in combating climate change,” Thomas Farell II, chairman, president and chief executive officer said in a statement.
The company, which operates in 18 states, previously pledged to cut methane emissions from its natural gas operations by 50 percent between 2010 and 2030 and carbon emissions from its power generating facilities by 80 percent between 2005 and 2050.
Levin said Dominion’s commitment put it in the camp of 12 other investor-owned utilities that have set goals to go 100 percent clean or reach net zero carbon emissions by 2050 or sooner. Net zero carbon emissions means emissions are offset by reduction measures.
Dominion plans to hit the mark by investing in wind, solar, natural gas and renewable natural gas programs, as well as promoting energy efficiency programs and extending licenses of its nuclear generation fleet.
The energy company said reaching the goal will require support for testing and deployment of technologies like carbon capture and large-scale energy storage.