Energy Exchange

Investors: Methane targets wanted

With upcoming annual meetings full of shareholder resolutions calling on companies to set greenhouse gas (GHG) reduction targets, EDF released "Taking Aim", a new paper explaining why methane targets are the next frontier for the oil and gas industry and establishing five keys for strong targets. The paper explains how companies that set targets are more likely to be successful when it comes to securing methane emission reductions. Setting targets also demonstrates to investors that corporate decision makers understand methane risk management is critical to competing in an ever-cleaner energy market.

With the Task Force for Climate-Related Financial Disclosure (TCFD) framework also highlighting the importance of targets, “Taking Aim” provides some initial guidelines that can help frame what an ambitious, leading target looks like for oil and gas industry methane.

Read More »

Also posted in Methane / Comments are closed

What ALA’s most recent State of the Air Report reveals about oil and gas air pollution in the Western U.S.

The American Lung Association released its annual State of the Air Report today, revealing what many communities have known for quite some time: air pollution from oil and gas operations is a growing concern.

Air pollution has often been a challenge for highly-populated areas of the United States, but it is an issue rural communities have largely been able to avoid. However, that seems to be changing according to the ALA’s findings.  La Plata County in Colorado and Duchesne and Uintah counties in Utah all received an “F” grade due to high levels of ozone.  None has a population over 60,000 people, but each is home to significant amounts of oil and gas production.

Read More »

Also posted in Air Quality, BLM Methane, Colorado, New Mexico, Wyoming / Comments are closed

Sitting down with BP to discuss its new methane target

As part of its Energy Transition report, BP announced a stringent new quantitative target to address its emissions of methane, a powerful greenhouse gas pollutant. Effective immediately, BP will target limiting methane emissions from its global upstream oil and gas operations that market natural gas to 0.2 percent. Ben Ratner, Senior Director with EDF+Business, sat down with Paul Jefferiss, Head of Policy, BP, to learn more.

Read More »

Also posted in Methane / Comments are closed

EPA’s updated annual oil and gas methane inventory doesn’t convey entire picture

The U.S. Environmental Protection Agency (EPA) released its annual update to the 2016 U.S. Inventory of Greenhouse Gas Emissions (GHGI) yesterday, showing a slight decrease in total greenhouse gas emissions from 2015 to 2016.

Methane, a potent greenhouse gas and the main constituent of natural gas, is responsible for roughly a quarter of global warming we see today. The GHGI estimates that 2016 methane emissions from the oil and gas industry were 8.37 million metric tons, down just over one percent from 2015 levels.

This decrease is misleading – it’s too slight a dip to indicate that industry is getting a better handle on methane. Studies also suggest that the inventory misses vast amounts of emissions from abnormal process conditions, or super-emitters.

Read More »

Also posted in Methane / Comments are closed

Fighting for the planet, one methane comment at a time

When a kid knocks at your door, you might expect a Girl Scout selling cookies or a Boy Scout selling popcorn. But recently, it was my 13 year-old neighbor, Pete Bates, asking me to sign a letter to fight methane pollution. I thought this was pretty neat, because while my day-to-day job is focused on reducing this pollution, it’s a pretty niche topic. That’s why I was so pleased to see Pete was interested in this topic and thought it was something worth getting engaged about.

These days, with the Trump administration’s constant attacks on our climate and clean air, it can be easy to be pessimistic. Hearing about Pete’s effort to make a difference gives me hope. I’m sure Pete and his generation will make the future bright, because they’ve already started.

Read More »

Also posted in BLM Methane, Methane, Texas / Comments are closed

New regional emissions study offers insights into New Mexico’s oil and gas emissions problems

A new study from the Western Regional Air Partnership — a collaboration of state, tribal, and local air agencies, the Environmental Protection Agency, federal land managers, and other local stakeholders — finds methane emissions from New Mexico’s oil and gas facilities are higher than previous estimates and notes regulations could help address the problem.

The research draws on data reported by states, tribes, and the oil and gas industry, and finds oil and gas companies emitted 816,980 tons of methane and smog-forming pollution in 2014 – significantly more than what the industry reported to the EPA.

Read More »

Also posted in BLM Methane, Methane, New Mexico / Comments are closed