Saturday 27 November 2021

Pledge goals

ExxonMobil supports the Global Methane Pledge

HOUSTON, October 27, 2021

US-based ExxonMobil, a multinational oil and gas company, said it is committed to working with the US government, the European Commission and other governments to help achieve the objectives of the Global Methane Pledge.

In September, the US and European Union announced a Global Methane Pledge to reduce methane emissions by 30% below 2020 levels by 2030. More than 30 nations have now joined the Pledge, and more could be announced at the upcoming COP26 climate summit in Glasgow, Scotland.

ExxonMobil said in a statement that it is, as previously announced, reducing its own methane emissions by 40-50% by 2025 compared to 2016 levels.

It will develop, test and deploy new methane detection and mitigation technologies; and work with others in the industry to advance methane emission reductions.

“We also see the value of collaborating with other methane-emitting sectors – such as agriculture, livestock, and landfills -- and will share our experience, technologies and mitigation strategies to help find solutions that work for them. Because each nation has a different methane emissions profile, contributions from all sectors will be critical to achieving the Pledge goals,” the statement said.

In 2017, ExxonMobil signed on to the Methane Guiding Principles, and last year it introduced a model framework for industry-wide methane regulations to reduce emissions in all phases of production.

ExxonMobil said its support the US Environmental Protection Agency directly regulating methane emissions for both new and existing sources of oil and gas production, as well as the 2020 European Commission Methane Strategy.

ExxonMobil said its scientists and engineers are applying their expertise and ingenuity to help responsibly meet the world’s need for energy, while working to find solutions to enable and to accelerate the transition to a lower-carbon emissions future.

In announcing the Global Methane Pledge, the US and European Union stated: “Rapidly reducing methane emissions is complementary to action on carbon dioxide and other greenhouse gases, and is regarded as the single most effective strategy to reduce global warming in the near term and keep the goal of limiting warming to 1.5C Celsius within reach.” – TradeArabia News Service


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