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Hess Launches Carbon-neutral Energy Offering
C-Neutral energy program for natural gas, electricity and fuel oil targeted at helping commercial, industrial and institutional customers save money, conserve energy
Woodbridge, NJ — November 21, 2008 — Hess Corporation has launched a carbon-neutral energy program for natural gas, electricity and fuel oil targeted at its commercial, industrial and institutional customers.
Under the new Hess C-Neutral program, Hess engineers calculate the carbon emissions associated with a customer's energy usage and include enough carbon offsets with the energy purchased to make it up to 100 percent carbon neutral.
C-Neutral uses offsets that are Green-e Climate certified, a certification and verification program for renewable energy.
"Demand from customers for environmentally responsible energy solutions has never been stronger," said Gene Kutcher, Hess Energy Marketing vice president of sales. "Commercial and industrial customers face growing pressures from legislators, shareholders and their customers to reduce their carbon footprint in response to growing climate change concerns."
Kutcher pointed to research showing that the majority of Fortune 500 companies see climate change as both a commercial risk and an opportunity. "Hess is in a unique position to be able to offer customers a comprehensive and flexible energy solution like C-Neutral because of our broad expertise, infrastructure and choice of commodities," Kutcher added.
C-Neutral is the latest addition to Hess' suite of energy solutions intend to help customers manage their energy — and their energy expenditure — more effectively. Early this year, the company launched its Demand Response program, which reduces electricity usage, improves power grid reliability and generates a new revenue stream that customers can use for C-Neutral energy purchases.
U.S. carbon emissions have climbed more than 16 percent since 1990. According to Kutcher, Hess has tools to help customers reduce their energy usage, but more is needed to slow the rise of carbon emissions. "Our customers want to conserve money, conserve energy and conserve the environment," Kutcher said. "We're expanding our suite of energy solutions to help them do all three."
Under the new Hess C-Neutral program, Hess engineers calculate the carbon emissions associated with a customer's energy usage and include enough carbon offsets with the energy purchased to make it up to 100 percent carbon neutral.
C-Neutral uses offsets that are Green-e Climate certified, a certification and verification program for renewable energy.
"Demand from customers for environmentally responsible energy solutions has never been stronger," said Gene Kutcher, Hess Energy Marketing vice president of sales. "Commercial and industrial customers face growing pressures from legislators, shareholders and their customers to reduce their carbon footprint in response to growing climate change concerns."
Kutcher pointed to research showing that the majority of Fortune 500 companies see climate change as both a commercial risk and an opportunity. "Hess is in a unique position to be able to offer customers a comprehensive and flexible energy solution like C-Neutral because of our broad expertise, infrastructure and choice of commodities," Kutcher added.
C-Neutral is the latest addition to Hess' suite of energy solutions intend to help customers manage their energy — and their energy expenditure — more effectively. Early this year, the company launched its Demand Response program, which reduces electricity usage, improves power grid reliability and generates a new revenue stream that customers can use for C-Neutral energy purchases.
U.S. carbon emissions have climbed more than 16 percent since 1990. According to Kutcher, Hess has tools to help customers reduce their energy usage, but more is needed to slow the rise of carbon emissions. "Our customers want to conserve money, conserve energy and conserve the environment," Kutcher said. "We're expanding our suite of energy solutions to help them do all three."
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