FUEL THE WORLD
FOR A BETTER TOMORROW
CANONSBURG, Pa., June 10, 2022 /PRNewswire/ -- CONSOL Energy Inc. ("CONSOL," NYSE: CEIX) is proud to announce the release of its 2021 Corporate Sustainability Report, "ESG-i: Innovating for Tomorrow." The report is CONSOL's fifth since becoming an independent, publicly listed company in 2017 and pinpoints innovation as integral to the Company's strategy and ESG management approach. The report is available for download at www.consolenergy.com/sustainability.
The report provides an update of the Company's efforts to advance its Forward Progress sustainability initiative in 2021, including:
- Pennsylvania Mining Complex employees achieving a total recordable incident rate of 2.25, or 53% below Mine Safety and Health Administration industry averages for the underground bituminous coal mining industry;
- Maintaining an environmental compliance record exceeding 99.9% for the ninth consecutive year, as measured by the rate of compliance with permit effluent limits; and
- Achieving record water reuse volumes, with 721 million gallons of water recycled for use in operations.
Additionally, the report highlights the Company's continued efforts under CONSOL's Forward Progress sustainability initiative, including its previously announced direct operating greenhouse gas ("GHG") emission reduction targets and the Company's technology endeavors, which include multiple U.S. Department of Energy sponsored projects seeking to develop alternative uses for coal and advance GHG emissions control technologies.
The Company firmly believes its world-class asset base will continue to be relied upon for the foreseeable future to meet the world's electricity and infrastructure needs, supporting social objectives and catalyzing economic progress. Our commitment to ESG-i will help ensure that we carry out our role responsibly and sustainably. CONSOL Energy remains intentionally focused on leveraging innovation and performing against its stated financial priorities to create sustainable value for the Company and its stakeholders, in 2022 and beyond.
About CONSOL Energy Inc.
CONSOL Energy Inc. (NYSE: CEIX) is a Canonsburg, Pennsylvania-based producer and exporter of high-Btu bituminous thermal coal and metallurgical coal. It owns and operates some of the most productive longwall mining operations in the Northern Appalachian Basin and is developing a new metallurgical coal mine (the Itmann project) in the Central Appalachian Basin. CONSOL's flagship operation is the Pennsylvania Mining Complex, which has the capacity to produce approximately 28.5 million tons of coal per year and is comprised of 3 large-scale underground mines: Bailey, Enlow Fork, and Harvey. The company also owns and operates the CONSOL Marine Terminal, which is located in the port of Baltimore and has a throughput capacity of approximately 15 million tons per year. In addition to the ~612 million reserve tons associated with the Pennsylvania Mining Complex and the ~21 million reserve tons associated with the Itmann project, the company also controls approximately 1.4 billion tons of greenfield thermal and metallurgical coal reserves and resources located in the major coal-producing basins of the eastern United States. Additional information regarding CONSOL Energy may be found at www.consolenergy.com.
Investor: Nathan Tucker, at (724) 416-8336
Media: Kurt Salvatori, at (724) 416-8319
Certain statements in this press release are "forward-looking statements" within the meaning of the federal securities laws and speak only as of the date of this release. While these forward-looking statements reflect CEIX expectations at the date of this release, they are not guarantees or predictions of future performance or statements of fact. With the exception of historical matters, the matters discussed in this supplement are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) that involve risks and uncertainties that are unknown or out of our control and, therefore, could cause actual results, performance, or achievements to differ materially from results, goals and achievements projected in or implied by such forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific short term and long term emission reduction targets, the role of specific technologies in reducing carbon emissions, and CEIX's role in contributing to global social and environmental goals. When we use the words "anticipate," "believe," "could," "continue," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. Past performance cannot be relied on as a guide to future performance. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Specific risks, contingencies and uncertainties include but are not limited to changes in laws and regulations including international treaties and laws and regulations regarding greenhouse gas emissions and carbon costs actions, including changes with respect to tax policy, emissions credits, carbon offsets and carbon pricing; trade patterns and the development and enforcement of local, national and regional mandates; unforeseen technical or operational difficulties; the outcome of research efforts and future technology developments, including the ability to scale projects and technologies on a commercially competitive basis and our ability to take advantage of those innovations and developments; the effectiveness of our risk management strategies, including mitigating climate-related risks; our ability to identify and execute opportunities, and the economic viability of those opportunities, including those relating to methane destruction; the ability of our existing assets and expertise to support the growth of, and transition to, various energy opportunities, including through the positioning and optimization of our assets; our ability to efficiently reduce the carbon output (both on an absolute scale and relative intensity) of our operations (both Scope 1 and 2), including through the use of lower carbon power alternatives, management practices and system optimizations; the necessity to direct our focus on maintaining and enhancing our existing assets; the impacts of acquisitions or dispositions; changes in supply and demand and other market factors affecting future prices of coal; changes in the relative energy mix across activities and geographies; the actions of competitors; changes in regional and global economic growth rates and consumer preferences; the pace of regional and global recovery from the COVID-19 pandemic and actions taken by governments and consumers resulting from the pandemic; changes in population growth, economic development or migration patterns; and other factors discussed in this release and in Item 1A of CONSOL's Annual Report on Form 10-K for 2021 and subsequent Quarterly Reports on Forms 10-Q. The forward-looking statements in this release speak only as of the date of this release and CEIX disclaims any intention or obligation to update publicly or review any forward-looking statements, whether in response to new information, future events, or otherwise, except as required by applicable law. In this release, we refer to direct operating greenhouse gas emissions (inclusive of scope 1 and scope 2 emissions). We note that the direct operating greenhouse gas emissions does not refer to our carbon emissions associated with the use of energy products we sell (referred to as scope 3 emissions). CEIX only controls its direct operating emissions. This statement is not intended to suggest that CEIX is addressing the emissions from use of its energy products in its net zero plan.
SOURCE CONSOL Energy Inc.