OGCI contributes to UNFCC's Global Stocktake
SUMMARY
The Global Stocktake is designed to enable countries and other stakeholders to assess their collective progress towards reaching Paris Agreement goals.
By Joseph MurphyPOSTED IN:
The Oil and Gas Climate Initiation (OGCI) announced last week it would contribute to the United Nations Framework Convention on Climate Change’s (UNFCC) first-ever Global Stocktake, designed to enable countries and other stakeholders to assess their collective progress towards reaching Paris Agreement goals.
"OGCI is glad to support its efforts to chart a better course for the future as we aim to achieve net zero greenhouse gas emissions (or carbon neutrality) from operations under member companies’ control by mid-century," the initiative said. "At the same time, member companies are leveraging their influence to achieve the same in non-operated assets, within the timeframe set by the Paris Agreement."
OGCI's members, which include 12 of the world's largest oil and gas companies, are also targeting near-zero methane emissions from their operated assets by the end of the decade.
