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Fossil Fuel Coalition Plans Methane Reductions

Norway’s Statoil was in the lead when six global oil and gas companies unveiled plans to reduce their methane emissions under the UN’s Climate and Clean Air Coalition Oil and Gas Partnership, announced during the global climate summit in New York. The other coalition members are BG Group PLC (UK), ENI SpA (Italy), Pemex (Mexico), PTT PCL (Thailand), and Southwestern Energy (United States). “Fossil fuel will be critical for energy supply for many, many decades in the future,” Statoil CEO Helge Lund told the Wall Street Journal, so it’s “urgent” for oil and gas companies to monitor, reduce, and report their GHG emissions. “The six oil companies aren’t committing to cut their methane emissions by a certain level, and officials declined to give WSJ a specific goal for emissions cuts in the near term,” International Business Times reports. “The program also doesn’t aim to reduce the companies’ overall oil and gas production—a leading driver of global-warming pollution. Statoil’s Lund acknowledged that more than 80% of total emissions are linked to the use of fossil fuels.”