Climate Policy Engagement Analysis
Climate Policy Engagement Overview: EQT Corporation (EQT) exhibits active policy engagement that is oppositional to science-aligned climate policy to deliver the goals of the Paris Agreement. The company consistently advocates for fossil gas expansion in the US and retains membership to several industry associations that actively oppose ambitious climate change regulation in the US.
Top-line Messaging on Climate Policy: EQT has limited top-line messaging on climate policy. In its 2024 ESG Report, published June 2025, the company stated that there is “no realistic option to achieve a 1.5-degree scenario,” and emphasized climate pathways that heavily rely on fossil gas and technologies such as CCS. As such, it is unclear if the company supports limiting temperature rise to below 1.5C. In a January 2025 podcast appearance, EQT CEO Toby Rice appeared to advocate for market-based response to climate change over government regulation. InfluenceMap has not found any recent evidence of the company’s support for the Paris Agreement.
Engagement with Climate-Related Regulations: EQT appears to have limited transparent engagement on climate-related regulations. In its 2024 CDP Climate Change response, the company disclosed that it broadly supports regulations related to CO2, methane, and other greenhouse gases (GHG) with minor exceptions, without giving further details on which specific policies were being considered, what these exceptions are and how they would affect the policies’ stringency. However, EQT’s CEO appeared unsupportive of the US Environmental Protection Agency’s Clean Power 2.0 carbon standards for coal- and gas-fired power plants in an October 2024 presentation, and at a November 2024 conference.
Positioning on Energy Transition: EQT appears opposed to an energy transition, as the company frequently calls for the expansion of fossil gas infrastructure in the US. In March 2025 comments on the US Department of Energy’s 2024 Liquefied Natural Gas (LNG) Export Study, the company advocated for the expansion of LNG exports and fossil gas infrastructure in the US, stating that the increased use of LNG is in the “public interest”. In a hearing with the US Energy, Climate, and Grid Security Subcommittee in February 2024, EQT CEO Toby Rice testified against the proposed pause on LNG exports.
The company frequently cites the energy demand from artificial intelligence (AI) and data centres to advocate for a rapid scale up in fossil gas production, as evident in Toby Rice’s interview with CNBC in July 2025. The company also regularly advocates for permitting reform to facilitate the build-out of fossil gas infrastructure, for example in an April 2025 X post or Rice’s comments at a June 2025 conference.
EQT has engaged on the US Inflation Reduction Act's 45V clean hydrogen tax credit with both positive and negative positions. In May 2025, the company joined a letter opposed the credit’s phase-out by the end of 2025, whilst appearing to emphasize a role for fossil gas-based hydrogen, which the finalized tax credit guidance allows with carbon capture and storage. However, the company previously called for the credit to include hydrogen produced from fossil sources such as gas and coal mine methane, including in comments submitted to the Internal Revenue Service in February 2024, and a testimony during a public hearing in March 2025.
Industry Association Governance: In its 2024 ESG Report, published in June 2025, EQT disclosed a near-complete list of industry association memberships, including the American Exploration and Production Council (AXPC) and the American Gas Association (AGA) both of which have been consistently unsupportive of climate policies in the US. However, the company did not disclose any positions or engagement activities of the associations, and has not published a review of its industry association memberships.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information, see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2025.