API Sets Greenhouse Gas Disclosure Guidelines for Oil Industry

The new guidelines released by API will provide standardization for individual oil and gas companies to report and track greenhouse-gas emissions, enabling for consistency and greater comparability in climate-related reporting.

Hart Energy Staff
API Sets Greenhouse Gas Disclosure Guidelines for Oil Industry

API, the biggest U.S. oil and gas trade association, has started to shift its approach to climate change since President Joe Biden took office, including the endorsement of carbon pricing in March. (Source: Shutterstock.com)

The American Petroleum Institute (API) on June 24 unveiled new industry guidelines for energy companies to track and report greenhouse-gas (GHG) emissions in efforts to boost transparency around the sector’s carbon footprint.

“As an industry of engineers and problem-solvers, we measure and track progress in everything we do and aim to share relevant data transparently,” API President and CEO Mike Sommers said in prepared remarks to the Houston Economic Club on June 24.

API, the biggest U.S. oil and gas trade association, has started to shift its approach to climate change since President Joe Biden took office, including the endorsement of carbon pricing in March.

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