JGC joins Aiming for Zero Methane Emissions Initiative
JGC becomes the first Japanese company to join the initiative.By Shardul Sharma
JGC Holdings Corporation has pledged its support for the OGCI-developed Aiming for Zero Methane Emissions Initiative, becoming the first Japanese company to join an oil industry effort to eliminate methane emissions from operations to support net zero, OGIC said on March 6.
“Eliminating methane from oil and gas operations is one of the quickest ways to help meet the Paris Agreement targets. JGC’s commitment further strengthens the Aiming for Zero initiative and sends a clear signal that the industry is stepping up action to decarbonise,” OGCI executive committee chairman Bjorn Otto Sverdrup said.
JGC joins over 70 companies, including major oil and gas and service companies, in Aiming for Zero.The company said that joining the initiative is an important step in the company’s decarbonisation path.
Aiming for Zero supplements a number of other multi-stakeholder initiatives to drive down methane emissions, including the Methane Guiding Principles, the Oil and Gas Methane Partnership 2.0 and the Global Methane Alliance.
The CEOs of OGCI member companies – Aramco, BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies, launched Aiming for Zero in March 2022.
Energy companies involved in the exploration, extraction and/or production of oil or natural gas can join as signatories. Other organisations striving to help reduce methane emissions from the oil and gas industry can join as supporters.
As well as the OGCI member companies, signatories include the world’s largest LNG exporter, QatarEnergy, and upstream gas producer, Wintershall. The initiative’s supporters include energy technology giant Baker Hughes, Australian-American engineering company Worley and industry association IPIECA.
The Oil and Gas Climate Initiative (OGCI) is a CEO-led organisation bringing together 12 of the world’s largest energy companies to lead the oil and gas industry’s response to climate change.