Iniciativa Climática das empresas de Petróleo e Gás sai do papel

Oil and Gas Companies’ Climate Initiative Becomes a Reality

Written by Flavia Marinho

Published on 01/10/2018 at 09:51

Updated on 01/10/2018 at 09:55

Seja o primeiro a reagir!

Oil and Gas Climate Initiative Sets First Collective Methane Target for Member Companies

The Oil and Gas Climate Initiative (OGCI) announced a target to reduce by 2025 the collective average intensity of methane from its aggregated oil and gas operations by one-fifth to below 0.25%, with the ambition of reaching 0.20%, corresponding to a one-third reduction. Methane intensity refers to what is lost to the atmosphere during oil and gas production and the percentage of gas sold. This effort represents a significant milestone in addressing a key issue in the fight against climate change and emphasizes OGCI’s position to work together to support the objectives of the Paris Agreement.

Achieving the agreed intensity target of 0.25% by the end of 2025 would reduce collective emissions by 350,000 tons of methane per year, compared to the baseline of 0.32% in 2017. The OGCI aims to go beyond this target to achieve the maximum one-third reduction in the same timeframe. “Our goal is to work towards near-zero methane emissions across the entire gas value chain in support of achieving the objectives of the Paris Agreement. We have been working to make our ambition concrete, actionable, and measurable, helping to ensure that natural gas can fulfill its potential in a low-emission future,” said the leaders of the OGCI member companies.

ARTICLE CONTINUES BELOW

See also

The Oil and Gas Climate Initiative aims to increase the ambition, speed, and scale of initiatives undertaken by its member companies to help reduce greenhouse gas emissions, particularly from oil and gas production and use in energy, heating, industry, and transportation. Its $1 billion investment arm supports the development, deployment, and scaling of low-emission technologies and business models. Launched in 2014, the OGCI currently comprises 13 oil and gas companies: BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell, and Total.

Shell-Led Group Acquires Coveted Saturn Field

Oil and Gas Companies’ Climate Initiative Becomes a Reality

Oil and Gas Climate Initiative Sets First Collective Methane Target for Member Companies

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Oil drives Brazil’s GDP and repositions the country among the largest economies in the world.

Science discovers that the air is not empty as it seems, but rather a gigantic natural archive that stores DNA of animals, plants, and humans without anyone noticing.

Ocean warming spikes in 2026 even without El Niño, approaches the record of 2024, and raises global alarm with the Arctic at its lowest ice level and an energy imbalance of the Earth at its highest in 65 years.

The seven-blade propeller could equip the M700 FURY aircraft, making it quieter and more efficient, after certification from EASA.

Corn outside the window may dry out in May and June: rain will only last until the end of April, El Niño is still uncertain, and three waves of polar air may bring strong frosts as early as the second half of May.

Oil and Gas Companies’ Climate Initiative Becomes a Reality

Oil and Gas Climate Initiative Sets First Collective Methane Target for Member Companies

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Scientists discover unexpected climate benefit hidden in forest soils related to atmospheric methane absorption.

Sandy unproductive land can become a highly profitable area with a simple technique that boosts soybeans and corn to over 100 sacks.

The new Kia hatch will have a range of up to 480 km, may cost up to 25,000 euros (around R$ 150,000), and promises to become one of the most affordable electric cars in Europe; meet the Kia Picanto Electric.

Viih Tube, former BBB contestant and millionaire, lives in a mansion worth R$ 8.5 million with a heated artificial lake, two cinemas, a complete spa, and a giant playroom of 120 m² for the couple’s children.

Labor shortages in the construction industry in the United States surge, and 499,000 workers need to be urgently hired to fill open positions and support ongoing large-scale projects.

Oil drives Brazil’s GDP and repositions the country among the largest economies in the world.

Science discovers that the air is not empty as it seems, but rather a gigantic natural archive that stores DNA of animals, plants, and humans without anyone noticing.

Ocean warming spikes in 2026 even without El Niño, approaches the record of 2024, and raises global alarm with the Arctic at its lowest ice level and an energy imbalance of the Earth at its highest in 65 years.

The seven-blade propeller could equip the M700 FURY aircraft, making it quieter and more efficient, after certification from EASA.

Corn outside the window may dry out in May and June: rain will only last until the end of April, El Niño is still uncertain, and three waves of polar air may bring strong frosts as early as the second half of May.