Major oil companies aim for zero methane emission by 2030

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

A group of the world's top oil companies, including Saudi Aramco , Shell and Exxon Mobil , said on Tuesday that it has committed to cut fugitive emissions of methane, a potent greenhouse gas, to near zero by 2030.

, said on Tuesday that it has committed to cut fugitive emissions of methane, a potent greenhouse gas, to near zero by 2030.

The decision by Oil and Gas Climate Initiative , which includes 12 of the world's largest oil and gas company follows calls by governments at the Glasgow COP26 climate summit last year to reduce methane emissions by 30% by 2030. Methane emissions, the main greenhouse gas after carbon dioxide, are caused by natural gas leaks from infrastructure. It has a higher heat-trapping potential than CO2 but breaks down in the atmosphere faster - meaning that cutting methane emissions can have a rapid impact on reining in global warming.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 559. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How about that cut their $20 billion profits while they’re at it. Ridiculous. Probably pay very little taxes if any to add insult to injury.

With the utterly vast profits they make they could do this a lot sooner.

I also promise to become a good boy by 2030

Committing and doing are two different things.

Singapore Singapore Latest News, Singapore Singapore Headlines