ExxonMobil’s decision to join the UN’s Oil and Gas Methane Partnership will push the company toward a curbing of emissions.
The Oil and Gas Methane Partnership (OGMP 2.0) asks countries to measure, verify, and report their methane emissions.
In collaboration with the United Nations Environment Programme, ExxonMobil is better able to meet the expectations set by the OGMP 2.0.
“We’re serious about methane,” ExxonMobil chief environmental scientist Matt Kolesar said.
“In fact, we’ve been reporting methane emissions annually since 2014, and we participate in the Oil and Gas Climate Initiative’s Aiming for Zero Methane Initiative, the Methane Guiding Principles and the Environmental Partnership, among others.
“We have some of the most aggressive methane emission-reduction plans in our industry. We’ve already cut our operated methane emissions in half since 2016.”
Currently, ExxonMobil is on track to:
- reduce methane intensity versus 2016 across all operated assets 70–80 per cent by 2030
- achieve net-zero greenhouse gas emissions (Scope 1 and 2) from unconventional assets in the Permian Basin by 2030
- eliminate routine flaring across global upstream assets by 2030.
“When it comes to reducing methane emissions, policy makers and industry are on the same team,” Kolesar said.
“We look forward to working with OGMP 2.0 staff and other companies on making real, tangible progress toward methane emission reductions.”
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