In November, ExxonMobil signed onto a commitment with several companies aimed at reducing methane emissions within the natural gas industry. That agreement built off earlier efforts we announced in 2017 to enhance ExxonMobil’s voluntary methane-reduction activities.
As I wrote at the time about this multipartner pact, advocating for sound policies and regulations is key to helping drive improvements.
That’s because, even though the companies that signed the agreement are fairly large (BP, Shell, Eni, Statoil, Total, etc., in addition to ExxonMobil), our methane emissions constitute a very small fraction of the overall natural gas picture. The correct mix of policies and regulations could help the entire industry raise the bar.
So what would a framework for jurisdictionally appropriate regulatory action with regard to methane look like?
Ultimately, we think it should include five key elements.
Read the full column here.
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