New Fortress Energy Inc

Common Name
New Fortress Energy
Country
United States
Sector
Energy
Industry
Oil & Gas Midstream
Employees
722
Ticker
NFE
Exchange
NASDAQ/NGS
Description
New Fortress Energy Inc. is a global energy infrastructure company that focuses on natural gas and clean energy alternatives. As a vertically integrated energy provider, the company's primary function...

New Fortress Energy's GHG Emissions Data Preview

In 2020, New Fortress Energy completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

New Fortress Energy has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2020201920182017 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind New Fortress Energy’s Greenhouse Gas (GHG) Emissions Data

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a. New Fortress Energy's Sustainability Report 2020
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Insights into New Fortress Energy's Operational Emissions

In 2020, the total operational greenhouse gas (GHG) emissions of New Fortress Energy amounted to 1,014,670 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

New Fortress Energy's Scope 1 Emissions Over Time

20200250 k500 k750 k1 MtCO2e
  • Total Scope 1
  • Year-over-Year Change

What are New Fortress Energy's Scope 1 emissions?

In 2020, the total Scope 1 emissions of New Fortress Energy were 967,889 metric tons of CO₂ equivalent (tCO₂e). a

What are New Fortress Energy's Scope 2 emissions?

In 2020, New Fortress Energy reported Scope 2 greenhouse gas (GHG) emissions of 46,781 tCO₂e without specifying the calculation method. a

What methodology does New Fortress Energy use for Scope 2 reporting?

In 2020, New Fortress Energy reported its Scope 2 emissions using an unspecified methodology. a

New Fortress Energy's Scope 2 Emissions Over Time

2020015 k30 k45 k60 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into New Fortress Energy's Value Chain Emissions

In 2020, New Fortress Energy reported 1,979,580 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2020 disclosure of New Fortress Energy includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in , reflecting improved emissions accounting practices and greater transparency across the company's value chain a

New Fortress Energy's Scope 3 Emissions Over Time

20200500 k1 M1.5 M2 MtCO2e
  • Total Scope 3
  • Year-over-Year Change

What are New Fortress Energy's Scope 3 emissions?

In 2020, New Fortress Energy reported total Scope 3 emissions of 1,979,580 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment. a

What categories of Scope 3 emissions does New Fortress Energy disclose?

In 2020, New Fortress Energy reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of New Fortress Energy's Scope 3 emissions?

In 2020, the largest contributors to New Fortress Energy's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 1,979,580 tCO₂e (100%)

New Fortress Energy's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(100.0%)

Insights into New Fortress Energy’s GHG Emissions Intensity Compared to Industry Peers

In 2020, New Fortress Energy reported Scope 1 greenhouse gas (GHG) emissions of 967,889 tCO₂e and total revenues of USD 452 millions. This translates into an emissions intensity of 2,143.01 tCO₂e per millions USD. a

New Fortress Energy's Scope 1 Emissions Intensity Compared to Peers

2,00020,000500,0005,000,000100,000,000Scope 1 Emissions (tCO2e)1001,0005,00020,000200,000Revenues (Millions of USD)HAntero MidstreamYear: 2022Scope 1: 1,961,172 tCO2eRevenue: $M 991Scope 1 Intensity: 1,979.67 tCO2e/$MDT MidstreamYear: 2023Scope 1: 1,714,654 tCO2eRevenue: $M 922Scope 1 Intensity: 1,859.71 tCO2e/$MKinetik HoldingsYear: 2023Scope 1: 2,020,587 tCO2eRevenue: $M 1,256Scope 1 Intensity: 1,608.22 tCO2e/$MONEOKYear: 2023Scope 1: 3,700,000 tCO2eRevenue: $M 17,677Scope 1 Intensity: 209.31 tCO2e/$MGulfport EnergyYear: 2023Scope 1: 275,100 tCO2eRevenue: $M 1,051Scope 1 Intensity: 261.66 tCO2e/$MTexas Pacific Land CorpYear: 2023Scope 1: 13,819 tCO2eRevenue: $M 632Scope 1 Intensity: 21.88 tCO2e/$MCNX ResourcesYear: 2023Scope 1: 559,769 tCO2eRevenue: $M 1,506Scope 1 Intensity: 371.62 tCO2e/$MMagnolia Oil & GasYear: 2023Scope 1: 479,393 tCO2eRevenue: $M 1,227Scope 1 Intensity: 390.71 tCO2e/$MWilliams CompaniesYear: 2023Scope 1: 13,640,000 tCO2eRevenue: $M 10,907Scope 1 Intensity: 1,250.57 tCO2e/$MHHHess MidstreamYear: 2023Scope 1: 486,869 tCO2eRevenue: $M 1,346Scope 1 Intensity: 361.69 tCO2e/$MCheniere EnergyYear: 2023Scope 1: 9,730,770 tCO2eRevenue: $M 20,394Scope 1 Intensity: 477.14 tCO2e/$MEnterprise Products PartnersYear: 2022Scope 1: 12,000,000 tCO2eRevenue: $M 58,186Scope 1 Intensity: 206.24 tCO2e/$MExcelerate EnergyYear: 2023Scope 1: 596,397 tCO2eRevenue: $M 1,159Scope 1 Intensity: 514.60 tCO2e/$MWestern Midstream PartnersYear: 2023Scope 1: 4,690,000 tCO2eRevenue: $M 3,106Scope 1 Intensity: 1,509.75 tCO2e/$MKinder MorganYear: 2024Scope 1: 15,400,000 tCO2eRevenue: $M 15,100Scope 1 Intensity: 1,019.87 tCO2e/$MMPLXYear: 2023Scope 1: 5,400,000 tCO2eRevenue: $M 10,434Scope 1 Intensity: 517.54 tCO2e/$MTarga ResourcesYear: 2022Scope 1: 8,406,000 tCO2eRevenue: $M 20,930Scope 1 Intensity: 401.63 tCO2e/$MOceaneering InternationalYear: 2023Scope 1: 44,690 tCO2eRevenue: $M 2,425Scope 1 Intensity: 18.43 tCO2e/$MPlains GP HoldingsYear: 2023Scope 1: 832,000 tCO2eRevenue: $M 48,712Scope 1 Intensity: 17.08 tCO2e/$MHelmerich and PayneYear: 2023Scope 1: 1,142,000 tCO2eRevenue: $M 2,872Scope 1 Intensity: 397.57 tCO2e/$MEnergy TransferYear: 2020Scope 1: 12,158,505 tCO2eRevenue: $M 38,954Scope 1 Intensity: 312.12 tCO2e/$MNew Fortress EnergyYear: 2020Scope 1: 967,889 tCO2eRevenue: $M 452Scope 1 Intensity: 2,143.01 tCO2e/$M

How does New Fortress Energy's GHG emissions intensity compare to its peers?

In 2020, New Fortress Energy reported a Scope 1 emissions intensity of 2,143.01 tCO₂e per millions USD. Compared to the peer group median of 397.57, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does New Fortress Energy rank on GHG emissions intensity within its industry?

In 2020, New Fortress Energy ranked 22 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places New Fortress Energy among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into New Fortress Energy's Total Carbon Footprint

In 2020, New Fortress Energy reported a total carbon footprint of 2,994,250 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. a

The largest contributor to New Fortress Energy's total carbon footprint was Scope 3 emissions, accounting for 66.11% of the company's total carbon footprint, followed by Scope 1 emissions at 32.32%. a

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