CLIMATE CHANGE

At Hunt Energy, we recognize the societal drive to change the energy mix that currently dominates our world today.

The utilization of renewable resources where possible and the identification of new technologies are part of the drive towards answering societal demands and achieving the Paris agreement goals.

Our Hunt Energy portfolio has been strategically developed and adapted to ensure resilience to potential changes in energy markets. The portfolio currently includes

Electrical generation through wind power in Costa Rica (Hunt Energy Horizons)

Electricity storage utilizing battery technology and proprietary operations platform (Hunt Energy Network)

The development of perovskite solar panels (Hunt Perovskite Technologies)

Investing in natural gas assets and improving the company operational efficiency to address our carbon footprint

IPCC Report

The Intergovernmental Panel on Climate Change (IPCC) stated in its 2014 Climate Change Synthesis Report (SYR) with 95% certainty that humans are the main cause of current global warming trends.

The Synthesis Report (SYR) finds that the more human activities disrupt the climate, the greater the risks of severe, pervasive and irreversible impacts for people and ecosystems, and long-lasting changes in all components of the climate system.

Since then, the Paris agreement was agreed in December 2015 and entered into force on November 4th, 2016. Its goal is to limit global warming to well below 2 degrees Celsius, preferably to 1.5 degrees Celsius, which is comparable to pre-industrial levels. To achieve this long-term temperature goal, countries must reduce greenhouse gas emissions as soon as possible to achieve a climate-neutral world by mid-century. The implementation of the Paris Agreement requires economic and social transformation.

Evolution of the Energy Industry

IPCC, 2014: Climate Change 2014: Synthesis Report. Contribution of Working Groups I, II and III to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change [Core Writing Team, R.K. Pachauri and L.A. Meyer (eds.)]. IPCC, Geneva, Switzerland, 151 pp

Reducing Greeenhouse Gas (GHG) Emissions

At Hunt, greenhouse gas (GHG) emissions associated with our operations are continuously monitored for opportunities to improve efficiencies and minimize emissions. In order to effectively control and minimize the volumes of emissions associated with our operations, we rely on a combination of industry best practices, regulatory commitments, and operational controls.

Hunt Energy GHG emissions reporting in North America aligns with the US Environmental Protection Agency (EPA) GHG reporting program, which prescribes that each emission source category, methodologies, engineering calculations and emission factors are set forth in the applicable regulations to quantify GHG emissions, including methane.

Scope 1 CO2E Emissions

2020 Scope 1 CO2e Emissions, By Source Type
Plant unit processes (turbines)
Flaring and venting
Combustion equipment
Drilling and completion activity
Fugitive emissions
Process equipment (compression, tanks, dehys)
Vehicle transport
Other (pumps, generators, etc.)

CO2E Intensity