ConocoPhillips, Devon, Pioneer sign up for OGMP 2.0
SUMMARY
OGMP 2.0 aims to become the global gold standard for methane emissions measurement and reporting, and its more than 80 members have also pledged to reduce their emissions by up to 75% by 2030.
By Joseph MurphyPOSTED IN:
US oil and gas producers ConocoPhillips, Devon Energy and Pioneer Natural Resources announced on July 15 that they had joined the Oil and Gas Methane Partnership (OGMP) 2.0 initiative, aimed at improving the industry's transparency in reporting methane emissions and driving reductions.
OGMP 2.0's ambition is to become the global gold standard for methane emissions measurement and reporting, and its more than 80 members are also striving to reduce their emissions by up to 75% by 2030. Among its other supporters are the United Nations Environment Programme (UNEP) and the Environmental Defence Fund (EDF).
“With Pioneer, Devon and ConocoPhillips joining OGMP 2.0, we have significantly increased the participation of U.S.-based companies,” said Giulia Ferrini, OGMP 2.0 manager at UN Environment Programme. “We hope their membership encourages others to join this global effort aimed at improving methane emissions measurement and transparency, thereby supporting the goals of the Paris Agreement and the Global Methane Pledge.”
“All eyes today are on the oil and gas industry. Stakeholders are demanding real, robust emissions data that they can trust,” said Mark Brownstein, senior vice president for energy at the EDF. “Cutting methane emissions is the simplest, fastest way to help meet our energy and climate goals, even as the world moves forward on long term decarbonisation. Solutions exist for companies to cut emissions quickly and cost-effectively. OGMP provides a comprehensive and transparent framework to see and compare their results.”
