PITTSBURGH, April 7, 2015 /PRNewswire/ -- CONSOL Energy Inc.
(NYSE: CNX) today announced certification of its operational
practices by the Center for Sustainable Shale Development
(CSSD). The certification, independently validated by Bureau
Veritas, confirms CONSOL's compliance with all 15 CSSD performance
standards related to environmental stewardship of air and
water. These performance standards have been designed to
exceed the regulatory minimums established by state and federal
regulatory bodies.
CONSOL Energy President and Chief Executive Officer Nick DeIuliis commented, "Our core values of
safety and environmental compliance are the foundation of our
business model and part of our DNA as a company. We
constantly strive to push the envelope in terms of innovation, and
to go above and beyond the regulatory baseline that governs our
operations. This CSSD certification is clear recognition of
that commitment, and of our commitment to being a good neighbor and
true partner in the communities where we live and work."
The company also released its fourth annual Corporate
Responsibility Report, which details execution against Key
Performance Indicators (KPIs), and outlines activities and new
initiatives undertaken during the past year toward the company's
comprehensive corporate responsibility goals.
"Our fourth annual report continues to build on goals and
objectives aimed at our commitment to responsible business
practices across all operational and support functions within the
Company. Our commitment to these concepts is reinforced by
the belief that such practices are not only the right thing to do,
but that they also provide CONSOL Energy and our customers with
competitive advantages in today's global marketplace," said
Katharine Fredriksen, CONSOL Energy
Senior Vice President of Environmental Strategy and Regulatory
Affairs.
Following are key highlights included in the 2014
report:
Safety: The Company's 'Positively CONSOL'
initiative was introduced across all operational personnel as well
as corporate support staff. Positively CONSOL is strengthening the
Absolute ZERO safety culture and focusing attention on behaviors
that drive decision-making and discretionary effort throughout the
Company's corporate culture, making CONSOL a safer, more efficient
operator. The Company also realized continuous improvement in
safety performance—the overall recordable incident rate for 2014
was 1.62, down from 1.72 in 2013—a notable accomplishment given
that an increase of over 30% was realized in natural gas production
during the year.
Environmental: CONSOL completed a record year in
terms of environmental compliance and achieved a year-on-year
improvement in compliance metrics by 6 percent, while also
achieving a 56 percent reduction in violations since reporting
began in 2011. The Company also earned certification through
its partnership with the Center for Sustainable Shale
Development—recognition of CONSOL's operational commitment to going
above and beyond what is required by law to protect the environment
which speaks directly to the excellence that its core values have
woven throughout the fabric of the entire company.
Community: In 2014, CONSOL invested nearly
$5 million in the communities within
its operating regions, reaffirming the Company's commitment to
employee volunteerism and community engagement in the areas where
its employees live and work.
To learn more, please visit CONSOL Energy's 2014 corporate
responsibility website at,
www.consolenergy.com/2014CRR
CONSOL Energy Inc. (NYSE: CNX) is a Pittsburgh-based producer of natural gas and
coal. The company is one of the largest independent natural gas
exploration, development and production companies, with operations
centered in the major shale formations of the Appalachian basin.
CONSOL Energy deploys an organic growth strategy focused on rapidly
developing its resource base. As of December
31, 2014, CONSOL Energy had 6.8 trillion cubic feet
equivalent of proved natural gas reserves. The company's premium
coals are sold to electricity generators and steel makers, both
domestically and internationally. CONSOL Energy is a member
of the Standard & Poor's 500 Equity Index and the Fortune 500.
Additional information can be found at www.consolenergy.com.
Cautionary Statements
Various statements in this release, including those that express
a belief, expectation or intention, may be considered
forward-looking statements (as defined in Section 21E of the
Exchange Act) that involve risks and uncertainties that could cause
actual results to differ materially from projected results.
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 projects and our
future production, revenues, income and capital spending.
When we use the words "believe," "intend," "expect," "may,"
"should," "anticipate," "could," "estimate," "plan," "predict,"
"project," or their negatives, or other similar expressions, the
statements which include those words are usually forward-looking
statements. When we describe strategy that involves risks or
uncertainties, we are making forward-looking statements. The
forward-looking statements in this press release, if any, speak
only as of the date of this press release; we disclaim any
obligation to update these statements. 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. These risks, contingencies and uncertainties relate to,
among other matters, the factors discussed in the 2014 Form 10-K
under "Risk Factors," as updated by any subsequent Form 10-Qs,
which are on file at the Securities and Exchange Commission.
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SOURCE CONSOL Energy Inc.