OGCI Members Aim for Zero Methane Emissions from Oil and Gas Operations by 2030

The Oil and Gas Climate Initiative (OGCI) launched the Aiming for Zero Methane Emissions Initiative which calls for an all-in approach that treats oil and gas methane emissions as seriously as the industry already treats safety: aiming for zero and striving to do what is needed to get there.

We recognize that eliminating methane emissions from the upstream oil and gas industry represents one of the best short-term opportunities for contributing to climate change mitigation and for advancing the goals of the Paris Agreement.

The Initiative is already supported by the CEOs of Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies. OGCI encourages all oil and gas companies to join them in this approach.

This leadership initiative supplements important multi-stakeholder initiatives, such as the Methane Guiding Principles, the Oil and Gas Methane Partnership 2.0 and the Global Methane Alliance.

OGCI has already taken significant action to reduce methane emissions, setting targets, developing and deploying technologies and participating in multi-stakeholder initiatives to raise awareness and improve practices.

The member companies have reported collective progress on methane since 2017 and have reduced their aggregate absolute methane emissions by more than 30% in the last five years.

OGCI remains committed to its methane intensity target of well below 0.20% by 2025 and will be reviewing its shared targets for 2025 and onwards, to account for this new initiative and its new strategy launched in September 2021.

"We recognize that eliminating methane emissions from the upstream oil and gas industry represents one of the best short-term opportunities for contributing to climate change mitigation and for advancing the goals of the Paris agreement," said OGCI Chair, Bob Dudley. "The time has come for us to go further, and we believe that the oil and gas industry can and should lead this effort."

Bjorn Otto Sverdrup, OGCI Executive Committee Chair said, "With this leadership initiative, we are calling for an all-in approach that treats methane emissions as seriously as the oil and gas industry already treats safety: we aim for zero and we will strive to do what is needed to get there. We are encouraging all oil and gas companies to join us in this approach."