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Climate change is one of the most significant factors affecting our world. It presents risks to AltaGas and our operations, but it also provides opportunities. We continue to improve our operations and deliver products and services that meet the evolving needs of our stakeholders.
Business Model Resilience
Meeting the growing demand for energy while addressing global climate concerns is a complex challenge. We take actions that:
- are consistent with our business model
- align with evolving market fundamentals
- address government, regulator and stakeholder expectations for progress on emissions reductions and climate risk management
Planning for Climate Change
We believe customers and regulators will value the energy solutions we provide and that we will continue to play a key role in the transition to a low-carbon economy.
The energy we deliver is produced in compliance with stringent environmental policies. We collaborate with stakeholders and regularly review and advance our strategy to mitigate climate risks. This all ensures our business remains strong and resilient.
As our company evolves, we believe customers and regulators will value the energy solutions we provide and that we will continue to play a key role in the transition to a low-carbon economy.
The Climate Business Plan for D.C.
In 2018, with the acquisition of WGL, we made a commitment to support the District of Columbia’s climate goals, which include:
- Reducing net carbon emissions by 50 percent (relative to 2006 levels) by 2032
- Achieving carbon neutrality by 2050
We are developing a business plan to help the District achieve these emission goals, taking into consideration affordability, reliability, resilience and equity. Some additional considerations include:
- maintaining a safe and reliable energy supply that provides customers with choice
- ensuring flexibility in technology
- ensuring an equitable allocation of costs and benefits to our customers and shareholders
The plan will lay out the challenges and the steps to achieve these goals. It will also outline the partnerships we need to establish, with the District of Columbia Public Service Commission and other community stakeholders.
Future Growth and Progress
The plan will show how we can provide new and innovative products and services that will enable our D.C. customers to reduce their GHG emissions. We are currently conducting scenario analyses that will help us identify potential opportunities for diversifying as we move into a low-carbon world.
The Climate Business Plan will be filed early in 2020. Once filed, we will hold bi-annual public meetings to report on our progress.Read more about WGL’s sustainability journey
For any inquiries regarding this report or its contents, please contact ESG@altagas.ca.