Taking Aim: Hitting the mark on oil and gas methane targets
A white paper with the Environmental Defense Fund on making targeted commitments from the industry to reduce oil and gas methane emissions is the next frontier of climate risk management.
For decades, EDF has been committed to bipartisan environmentalism. The results are incontestable: Every major environmental law from the early 1970s to 2016 has passed with support of both Democrats and Republicans.
EDF intends the white paper to help industry leaders establish strong methane targets and to inform institutional investors, policy makers, and civil society as they evaluate methane targets in the months and years to come. We focus primarily on upstream oil and gas operations, which, according to the International Energy Agency (IEA), account for more than three quarters of the industry’s methane emissions. However, methane target setting can be a valuable tool across the supply chain, and many of the same considerations outlined here apply.
See the full paper here.