OGCI Aims for Net-Zero Methane

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International and national oil companies in the Oil and Gas Climate Initiative (OGCI) have set a new ambition to reach net-zero methane emissions by the end of this decade. The new pact would apply only to the operated assets of the 12-company group, which counts the Western majors, Eni, Repsol, Saudi Aramco, Petrobras, China National Petroleum Corp., Equinor and Occidental Petroleum as its members. However, as with the alliance’s net-zero greenhouse gases by 2050 ambition, the producers will strive to achieve similar results in their nonoperated operations.

Low-Carbon Policy, Methane Emissions, Corporate Strategy
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