Exxon Mobil unveiled that a slew of companies including Chevron, NRG Energy, Phillips 66 and more have all began discussing plans to support its carbon capture and storage plans in Houston.
ION Geophysical Corp.’s Edinburgh-based software group received a grant to advance port decarbonization through its climate-smart platform, Marlin SmartPort, the company said on Sept. 16.
In addition to being the fastest, lowest cost avenue in slowing down the rate of global warming, there’s also a lot of money to be made by saving the wasted methane emissions from the oil and gas industry.
Other details about the precise sources of climate change are also shown in the material by Climate TRACE, drawing on data from satellites and high-level computer analysis.
Pioneer Natural Resources on Sept. 15 adopted a net-zero ambition by 2050 for both Scope 1 and Scope 2 emissions that the U.S. shale producer says builds on many key initiatives already underway.
Oil and gas companies have published targets and strategies aimed at battling climate change, but the huge variation in scope, definitions and ambition makes analysis and comparison exceedingly difficult for investors.
Similar to other major oil and gas producers, California-based Chevron has come under pressure to address climate change and reduce greenhouse-gas emissions.
Chevron’s partnership with Enterprise Products Partners has the potential to advance the U.S. oil major’s ongoing work to grow its lower carbon businesses with commercial scale, says Jeff Gustavson, president of Chevron New Energies.
Here’s why even oil and gas producers that support cracking down on emissions are up in arms over a proposal to tax American methane pollution.