{"id":11135,"date":"2015-09-17T14:53:20","date_gmt":"2015-09-17T19:53:20","guid":{"rendered":"http:\/\/blogs.edf.org\/energyexchange\/?p=11135"},"modified":"2015-09-17T14:55:59","modified_gmt":"2015-09-17T19:55:59","slug":"faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/","title":{"rendered":"Faith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations"},"content":{"rendered":"

\"ICCR<\/a>Since the president announced in January a national goal of reducing methane emissions from the oil and gas industry nearly in half by 2025, an outpouring of voices<\/a> has supported the move. Now, EPA has proposed rules to help meet that target, and we\u2019ve seen another wave of support<\/a> \u2013 everyone from editorial boards in the heart of oil and gas country to massive investors like California\u2019s pension funds has recognized that the rules are a manageable, commonsense means for reducing methane pollution.<\/p>\n

The one voice that\u2019s been silent? The companies with the opportunity to adopt the proven, cost-effective technologies and services to not only reduce pollution but also prevent the waste of the very energy resource they\u2019re producing. Now another voice has emerged to make the case directly to these companies that it\u2019s worth constructively engaging in the rulemaking process: the Interfaith Center on Corporate Responsibility (ICCR)<\/a>, a group of shareholders dedicated to promoting environmentally and socially responsible corporate practices.<\/p>\n

Several shareholders from ICCR\u2019s coalition sent letters<\/a> today to dozens of energy companies in which they invest, voicing their concern about the impact of methane emissions on the climate and public health. As You Sow, BCAM, Mercy Investments, Miller Howard, the Sisters of St. Francis of Philadelphia, Trillium Asset Management, and others made their case to companies whose shares they own, including some of the biggest names in the business, like Chesapeake Energy, ConocoPhillips, Exxon, Kinder Morgan, and Valero.<\/p>\n

Specifically, the investors asked the companies to file public comments on EPA\u2019s proposed methane rules, sharing the companies\u2019 data and experience with methane monitoring and management and providing perspective on how the methane rules can be designed to reduce emissions cost effectively. They also urged the companies to guide their powerful trade associations \u2013which have been some of the most vocal opponents of the rules \u2013 to engage honestly and transparently in the rulemaking process.<\/p>\n

Methane is a serious threat to our communities not just because of its powerful climate impact but also because it\u2019s released along with harmful pollutants that threaten public health. ICCR sees unlimited methane pollution as \u201cjust the kind of unsustainable action that must be curbed in an effort to build a more just and healthy world,\u201d and aims to reduce methane as part of its commitment to care for the earth for the sake of humanity.<\/p>\n

But ICCR didn\u2019t just urge companies to engage in the rulemaking out of a moral obligation \u2013 as investors, they also know it\u2019s a smart business decision. As ICCR investors pointed out in their letters, the International Energy Association lists reducing methane as one of the top four policies that \u201ccould stop the growth in global energy-related emissions by the end of this decade at no net economic cost.\u201d<\/p>\n

We\u2019ve seen real-world examples that the solutions for reducing methane can be employed to successfully reduce emissions, alongside business and job growth. In the year after the state of Colorado enacted rules directly regulating methane \u2013 the kind of strong rules we\u2019d like to see from EPA \u2013 Weld County, the heart of the state\u2019s drilling boom, had the country’s highest job growth at about 16 percent. And after implementing technology to reduce methane emissions from its Wyoming operations, leading energy company Jonah Energy was able to significantly cut emissions over a five year period, saving $5 million in the process through captured gas and operational efficiencies, according to FLIR Systems, the manufacturer of the technology.<\/p>\n

ICCR knows that good environmental policy can make good business sense, and private\/public sector collaboration is a key to getting there.<\/p>\n

We hope the companies ICCR investors reached out to today heed the call to constructively engage with EPA on the proposed methane rules and \u201cshow good faith and establish basic protective safeguards that will benefit the country and the industry itself.\u201d<\/p>\n

Image Source: Interfaith Center on Corporate Responsibility<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Since the president announced in January a national goal of reducing methane emissions from the oil and gas industry nearly in half by 2025, an outpouring of voices has supported the move. Now, EPA has proposed rules to help meet that target, and we\u2019ve seen another wave of support \u2013 everyone from editorial boards in …<\/p>\n","protected":false},"author":8086,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,55717,693],"tags":[],"coauthors":[],"class_list":["post-11135","post","type-post","status-publish","format-standard","hentry","category-uncategorized","category-methane-2","category-natural-gas"],"acf":[],"yoast_head":"\nFaith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations - Energy Exchange<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Faith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations - Energy Exchange\" \/>\n<meta property=\"og:description\" content=\"Since the president announced in January a national goal of reducing methane emissions from the oil and gas industry nearly in half by 2025, an outpouring of voices has supported the move. Now, EPA has proposed rules to help meet that target, and we\u2019ve seen another wave of support \u2013 everyone from editorial boards in ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/\" \/>\n<meta property=\"og:site_name\" content=\"Energy Exchange\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-17T19:53:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-09-17T19:55:59+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2015\/09\/ICCR-logo.png\" \/>\n<meta name=\"author\" content=\"Ben Ratner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ben Ratner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/\"},\"author\":{\"name\":\"Ben Ratner\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#\\\/schema\\\/person\\\/0dbddfbdccee27c234389463aa75fd7a\"},\"headline\":\"Faith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations\",\"datePublished\":\"2015-09-17T19:53:20+00:00\",\"dateModified\":\"2015-09-17T19:55:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/\"},\"wordCount\":664,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/wp-content\\\/blogs.dir\\\/38\\\/files\\\/2015\\\/09\\\/ICCR-logo.png\",\"articleSection\":[\"General\",\"Methane\",\"Natural Gas\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/\",\"name\":\"Faith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations - Energy Exchange\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/wp-content\\\/blogs.dir\\\/38\\\/files\\\/2015\\\/09\\\/ICCR-logo.png\",\"datePublished\":\"2015-09-17T19:53:20+00:00\",\"dateModified\":\"2015-09-17T19:55:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#\\\/schema\\\/person\\\/0dbddfbdccee27c234389463aa75fd7a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/#primaryimage\",\"url\":\"http:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/wp-content\\\/blogs.dir\\\/38\\\/files\\\/2015\\\/09\\\/ICCR-logo.png\",\"contentUrl\":\"http:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/wp-content\\\/blogs.dir\\\/38\\\/files\\\/2015\\\/09\\\/ICCR-logo.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2015\\\/09\\\/17\\\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Faith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#website\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/\",\"name\":\"Energy Exchange\",\"description\":\"Accelerating the clean energy revolution\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#\\\/schema\\\/person\\\/0dbddfbdccee27c234389463aa75fd7a\",\"name\":\"Ben Ratner\",\"description\":\"Ben directs the EDF+Business Energy Transition team. He blends business and public policy approaches to accelerate strategies for virtually eliminating oil and gas methane emissions, electrifying heavy-duty transport and achieving prices and limits on carbon pollution.\",\"sameAs\":[\"http:\\\/\\\/www.edf.org\\\/people\\\/ben-n-ratner\"],\"url\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/author\\\/bratner-2\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Faith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations - Energy Exchange","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/","og_locale":"en_US","og_type":"article","og_title":"Faith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations - Energy Exchange","og_description":"Since the president announced in January a national goal of reducing methane emissions from the oil and gas industry nearly in half by 2025, an outpouring of voices has supported the move. Now, EPA has proposed rules to help meet that target, and we\u2019ve seen another wave of support \u2013 everyone from editorial boards in ...","og_url":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/","og_site_name":"Energy Exchange","article_published_time":"2015-09-17T19:53:20+00:00","article_modified_time":"2015-09-17T19:55:59+00:00","og_image":[{"url":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2015\/09\/ICCR-logo.png","type":"","width":"","height":""}],"author":"Ben Ratner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ben Ratner","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/#article","isPartOf":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/"},"author":{"name":"Ben Ratner","@id":"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/0dbddfbdccee27c234389463aa75fd7a"},"headline":"Faith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations","datePublished":"2015-09-17T19:53:20+00:00","dateModified":"2015-09-17T19:55:59+00:00","mainEntityOfPage":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/"},"wordCount":664,"commentCount":0,"image":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/#primaryimage"},"thumbnailUrl":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2015\/09\/ICCR-logo.png","articleSection":["General","Methane","Natural Gas"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/","url":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/","name":"Faith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations - Energy Exchange","isPartOf":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/#primaryimage"},"image":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/#primaryimage"},"thumbnailUrl":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2015\/09\/ICCR-logo.png","datePublished":"2015-09-17T19:53:20+00:00","dateModified":"2015-09-17T19:55:59+00:00","author":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/0dbddfbdccee27c234389463aa75fd7a"},"breadcrumb":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/#primaryimage","url":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2015\/09\/ICCR-logo.png","contentUrl":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2015\/09\/ICCR-logo.png"},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.edf.org\/energyexchange\/2015\/09\/17\/faith-based-investors-call-on-exxon-valero-and-others-to-support-methane-regulations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blogs.edf.org\/energyexchange\/"},{"@type":"ListItem","position":2,"name":"Faith-Based Investors Call on Exxon, Valero and Others to Support Methane Regulations"}]},{"@type":"WebSite","@id":"https:\/\/blogs.edf.org\/energyexchange\/#website","url":"https:\/\/blogs.edf.org\/energyexchange\/","name":"Energy Exchange","description":"Accelerating the clean energy revolution","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogs.edf.org\/energyexchange\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/0dbddfbdccee27c234389463aa75fd7a","name":"Ben Ratner","description":"Ben directs the EDF+Business Energy Transition team. He blends business and public policy approaches to accelerate strategies for virtually eliminating oil and gas methane emissions, electrifying heavy-duty transport and achieving prices and limits on carbon pollution.","sameAs":["http:\/\/www.edf.org\/people\/ben-n-ratner"],"url":"https:\/\/blogs.edf.org\/energyexchange\/author\/bratner-2\/"}]}},"_links":{"self":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/posts\/11135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/users\/8086"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/comments?post=11135"}],"version-history":[{"count":0,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/posts\/11135\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/media?parent=11135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/categories?post=11135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/tags?post=11135"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/coauthors?post=11135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}