Kimmeridge Managing Director Megan Hays discusses the urgency for the oil and gas industry to rapidly decarbonize and the E&P companies that have become leaders in achieving their net-zero goals.
While recent events have proven that energy security matters, the oil and gas industry needs to make net-zero a standard to ensure its role in the diversifying energy mix, according to a new report by Kimmeridge.
Thanks to technological advancements, the oil and gas industry has the tools to drastically curb methane leaks. Project Canary Co-founder and CEO Chris Romer is now urging those with the power and capital to make a difference to step up.
A White House official said earlier on July 19 that Biden has made it clear that if the Senate did not act on climate change, he will. “We are considering all options and no decision has been made,” the official said on condition of anonymity.
The proposal faced immediate backlash from Alberta, Canada’s main oil-producing province, which said the federal government cannot act unilaterally to meet emissions targets.
The Oil and Gas Methane Partnership 2.0 Initiative is dedicated to reducing methane emissions and improving emissions reporting transparency in the oil and gas industry.
Cheniere’s request could carry some weight in the Biden administration as it is one of a handful of companies that advises a White House and EU-backed task force developing a plan to wean EU countries off Russian gas.
Pipeline operators have shown leadership in trying to curb emissions, including initiatives in planning CO₂ lines.