Climate tech startup Orbio Earth has pledged its support for the Aiming for Zero Methane Emissions Initiative, which aims to reduce methane emissions from oil and gas operations to near zero by 2030.
Orbio Earth uses satellite imagery to track methane emissions from the oil and gas industry. This measurement-informed data is used by oil and gas operators and financial companies to monitor their energy assets on methane emissions performance.
Orbio Earth joins around 100 companies, including major oil and gas producers, service companies and leading global consultancies, in pledging to address methane emissions with the same urgency as industry safety measures. The initiative’s signatories and supporters believe virtually all methane emissions from the industry can and should be avoided.
Julien Perez, Vice President of Strategy & Policy at the Oil and Gas Climate Initiative (OGCI), which launched Aiming for Zero in 2022 said:
“We’re delighted to welcome Orbio Earth as a supporter of the Aiming for Zero Methane Emissions initiative. Orbio’s ability to monitor oil and gas wells around the world will help aid operators and other technology providers to reduce methane emissions at oil and gas operations.”
Robert Huppertz, CEO of Orbio Earth said:
“We’re really excited to be part of OGCI’s Aiming for Zero Methane Emissions Initiative. There’s no silver bullet in the methane emissions space, so being part of an ecosystem that brings together operators and technology providers is a crucial step on the methane reduction pathway.”
Background
OGCI is a CEO-led organization bringing together 12 of the world’s largest energy companies to lead the oil and gas industry’s response to climate change.
The group aims to accelerate collective action towards a net-zero emissions future in line with the Paris Agreement.
Aiming for Zero complements a number of other multi-stakeholder initiatives to reduce methane emissions, including the Methane Guiding Principles, the Oil & Gas Methane Partnership 2.0 and the Global Methane Alliance.
