Company Directory - EQT AB
Company Details - EQT AB
EQT AB
WebsiteEQT AB is a global investment organization focused on private equity and infrastructure investments, dedicated to sourcing and supporting responsible, innovative, and sustainable companies.
CCI Score
CCI Score: EQT AB
-20.58
0.02%
Latest Event
EQT Corp Lobbying Spending in 2024
According to OpenSecrets data, EQT Corp spent $770,000 on lobbying activities during 2024. This expenditure indicates the company’s active engagement in political lobbying, raising concerns about its potential influence on policies that may favor corporate interests over progressive, worker- and community-focused reforms.
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ACCOMPLICE
EQT AB is currently rated as an Accomplice.
Latest Events
- DEC312024
According to OpenSecrets data, EQT Corp spent $770,000 on lobbying activities during 2024. This expenditure indicates the company’s active engagement in political lobbying, raising concerns about its potential influence on policies that may favor corporate interests over progressive, worker- and community-focused reforms.
-30
Political Contributions and Lobbying Efforts
April 11
EQT Corp's reported expenditure of $770,000 on lobbying in 2024 represents a significant effort to influence public policy. From a left-leaning, anti-fascist perspective, such corporate political spending is concerning as it can contribute to an environment where business interests override those of workers and marginalized communities, potentially supporting authoritarian-friendly policies.
- MAY312024
In its 2023 report filed under Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act, EQT Energy, a subsidiary of EQT Corporation, outlines its commitment to opposing forced and child labor through adherence to the Code of Business Conduct and Ethics. However, the report also reveals gaps such as the absence of entity‐specific policies, training, and performance measurement on these issues.
+20
Labor Relations and Human Rights Practices
April 11
The report confirms EQT Energy’s strong verbal opposition to forced labor and child labor and their alignment with international human rights principles. However, the absence of dedicated, entity-specific policies and training programs in 2023 limits the robustness of their labor relations and human rights practices.
PDF 2023 Fighting Against Forced Labour and Child Labour ... - EQT Corporation
+15
Supply Chain Ethics
April 11
EQT Energy employs a supplier oversight mechanism through an annual compliance letter and relies on the broader Code of Business Conduct. Nonetheless, the lack of targeted due diligence and specific measures to address forced or child labor in their supply chains indicates a need for more proactive efforts.
PDF 2023 Fighting Against Forced Labour and Child Labour ... - EQT Corporation
- FEB012024
EQT has been actively involved in shaping U.S. energy policy, engaging with regulators and legislators through meetings, testimony, and written communications. In early 2024, their CEO testified before the House Energy, Climate and Grid Security Subcommittee while the company also sent a letter to the U.S. Secretary of Energy opposing restrictions on LNG exports, highlighting their organized political lobbying efforts.
-20
Political Contributions and Lobbying Efforts
April 11
EQT’s use of corporate treasury funds and structured PACs for political contributions and lobbying indicates a concerted effort by the company to influence energy policy in ways that serve its fossil fuel interests. While claiming compliance with regulations, such strategic lobbying can divert policy debate away from broader public and community welfare.
-15
Executive Political Engagement
April 11
The active participation of EQT’s CEO, Toby Rice, in key policy debates—evidenced by his testimony before a House subcommittee and various high-level engagements—demonstrates significant executive political influence aimed at advancing corporate interests in the natural gas sector.
- JAN012024
EQT detailed its public policy engagement through significant political contributions amounting to $408,050 in 2023—including $254,000 allocated to lobbying—and robust executive outreach, with CEO Toby Rice participating in multiple policymaker meetings and testifying before congressional committees. These actions are prominently featured in the company's 'Public Policy and Perception' report.
-40
Political Contributions and Lobbying Efforts
April 11
EQT's allocation of over $408,050 in political contributions and dedicated lobbying funds ($254,000) indicates a strong effort to influence policy in ways that favor industry interests over community and environmental concerns, potentially undermining democratic accountability.
-30
Executive Political Engagement
April 11
The active involvement of CEO Toby Rice and other senior executives in engaging with lawmakers—including testimony before a congressional subcommittee and submitting opposition letters to regulatory proposals—demonstrates a strategic use of executive influence to shape policy in a manner that prioritizes industry benefits, which can impede progressive reforms.
- DEC312023
According to OpenSecrets data, EQT AB spent $1,490,000 on federal lobbying activities in 2023. This expenditure indicates a significant reliance on corporate political influence, raising concerns about the potential to sway policy in favor of corporate interests over democratic accountability.
-40
Political Contributions and Lobbying Efforts
April 11
The reported spending of $1.49M on lobbying in 2023 by EQT AB, as documented by OpenSecrets, suggests a deliberate effort to influence political processes. From a left-leaning anti-fascist perspective, such lobbying expenditures can undermine democratic accountability and facilitate policies that may favor authoritarian or corporatist interests by prioritizing financial clout over public welfare.
- DEC312023
According to OpenSecrets data, EQT AB spent $1,490,000 on lobbying activities in 2023, underscoring its proactive engagement in influencing public policy, particularly in the Energy & Nuclear Power sector.
-50
Political Contributions and Lobbying Efforts
April 11
The expenditure of $1,490,000 on lobbying in 2023 indicates a significant investment in shaping public policy. From an anti-fascist perspective, such corporate political influence can contribute to a regulatory environment that favors corporate interests over democratic accountability and may facilitate authoritarian practices. This use of resources for lobbying raises concerns regarding the company’s involvement in influencing political outcomes.
- AUG172023
A final consent judgment from Attorney General Michelle Henry and the FTC halted a proposed $5.2 billion cash-and-stock deal between EQT and Quantum Energy Partners. The settlement prevents Quantum from obtaining a board seat and restricts anti-competitive information exchanges, thereby safeguarding market competition in the energy sector.
+30
Economic and Structural Influence
April 11
The settlement imposes structural relief that restricts market concentration and prevents anti-competitive board entanglements. These measures contribute to a market environment that resists the consolidation of corporate power, aligning with progressive regulatory principles.
+20
Business Practices and Ethical Responsibility
April 11
By ultimately agreeing to the settlement terms that restrict anti-competitive practices, EQT avoids practices that could have consolidated corporate power and undermined market fairness. This action is recognized as aligning with ethical business practices and regulatory compliance.
- AUG162023
On August 16, 2023, the FTC approved a consent order that prohibits Quantum from occupying an EQT board seat and requires it to divest its EQT shares, effectively unwinding a potential interlocking directorate arrangement that raised antitrust concerns over anticompetitive information exchange and undue structural influence in the natural gas market.
-60
Business Practices and Ethical Responsibility
April 11
The proposed deal would have allowed a competitor to secure a board seat at EQT, facilitating anticompetitive information exchange and compromising ethical business practices. The FTC's intervention underscores the risk of such arrangements in undermining fair market competition and ethical corporate governance.
-50
Economic and Structural Influence
April 11
The interlocking directorate structure would have granted a competitor undue structural influence over EQT, undermining free and fair competition and contributing to a corporate environment that can foster authoritarian practices. The imposed consent order is a corrective measure against such potential risks.
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Corporate Financials
- Revenue
- 2023
- $3.00B
- Total Assets
- 2023
- $20.00B
Industries
- 211120
- Crude Petroleum Extraction
- 211130
- Natural Gas Extraction
- 486110
- Pipeline Transportation of Crude Oil
- 486210
- Pipeline Transportation of Natural Gas