How oil and gas companies disguise their methane emissions

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Financial Times 1w ago

How oil and gas companies disguise their methane emissions - Financial Times

Quick Summary:

A previous COP summit held in 2021 launched the Global Methane Pledge, an initiative backed by more than 150 countries, which aims to cut global emissions by 30 per cent by 2030 compared to 2020 levels.

At COP28 last year, 50 companies backed an initiative to bring methane emissions down to near-zero in upstream oil and gas — the initial stage of production — and to end routine flaring by 2030.

Josh Eisenfeld, who tracks methane emissions at Earthworks, a US non-profit focused on ending energy pollution, says a major problem is that the industry “is trying to self-police”.