Eight energy majors commit to reducing methane emissions within natural gas industry

BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall have committed to further reduce methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others across the natural gas value chain – from production to the final consumer – to do the same. The eight energy companies signed a Guiding Principles document, which focuses on: continually reducing methane emissions; advancing strong performance across gas value chains; improving accuracy of methane emissions data; advocating sound policies and regulations on methane emissions; and increasing transparency. The Guiding Principles were developed in collaboration with Environmental Defense Fund, International Energy Agency, International Gas Union, Oil and Gas Climate Initiative Climate Investments, Rocky Mountain Institute, Sustainable Gas Institute, TERI, and United Nations Environment.