The Oil and Gas Climate Initiative (OGCI) has launched the “Aiming for Zero Methane Emissions Initiative” which calls for an all-in approach that treats oil and gas methane emissions as seriously as the industry already treats safety: aiming for zero and striving to do what is needed to get there
The Initiative is already supported by the CEOs of Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies. OGCI encourages all oil and gas companies to join them in this approach.
Signatories to Aiming for Zero Methane Emissions Initiative believe that virtually all methane emissions from the industry can and should be avoided, building on the following:
1. To reach near zero methane emissions from our operated oil and gas assets by 2030, and encourage our partners to achieve similar results.
2. To avoid methane venting and flaring, and to repair detected leaks, while preserving the safety of people and the integrity of operations.
3. To report annually and transparently on their methane emissions.
4. To supplement methane emissions estimates with more monitoring and measurement technologies, and introduce new solutions to avoid methane emissions.
5. To implement sound regulations to tackle methane emissions and encourage governments to include methane emissions reduction targets as part of their climate strategies.
This leadership initiative supplements important multi-stakeholder initiatives, such as the Methane Guiding Principles, the Oil and Gas Methane Partnership 2.0 and the Global Methane Alliance.