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How oil and gas companies disguise their methane emissions

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FT analysis shows that firms regularly hide leakages of the deadly greenhouse gas — despite this being one of the easiest climate fixes there is

On the shores of the Caspian Sea, less than 30 miles from the place where world leaders, ministers and negotiators are meeting at the COP29 climate summit in Baku this week, a powerful greenhouse gas has been venting into the atmosphere. A sensor installed on the International Space Station detected six separate plumes of methane between April and June.

At COP28 last year, 50 companies backed an initiative to bring methane emissions down to near-zero in upstream oil and gas — the initial stage of production — and to end routine flaring by 2030. Yet according to the International Energy Agency, the industry’s methane emissions hit a new high in 2019 and have stayed near that level since.

 

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