Aiming for zero
It calls for an all-in approach that treats methane emissions as seriously as the oil and gas industry already treats safety: aiming for zero and striving to do what is needed to get there.
Aiming for Zero acts as a complement for key initiatives such as the Methane Guiding Principles, the Oil and Gas Methane Partnership 2.0 and the Global Methane Alliance.
Reducing methane emissions from oil and gas operations is one of the best short-term opportunities to advance the goals of the Paris Agreement. It’s time for the industry to lead this effort.
The Initiative was launched in March 2022 by OGCI and is endorsed by the CEOs of all its member companies. It is open to all companies involved in exploration, extraction and/or production of oil or natural gas can join as Signatories. Other organizations can join as Supporters.
Companies joining the Initiative agree to do what it takes to reach near zero methane emissions, reporting transparently, adopting better monitoring and measurement technologies and supporting the implementation of sound regulations. They will also encourage their partners to do the same.