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International oil and gas major Royal Dutch Shell Monday announced a strong, quantifiable target to limit methane emissions to near-zero levels by 2025 from managed assets globally.
The goal is stringent, time-bound, and covers both oil and gas side emissions, earning it high marks on this 5-point scale.
Shell is the third global producer this year to set a methane reduction goal; BP announced its target in April and ExxonMobil in May.
“Shell’s industry-leading target makes clear that the race to near-zero methane emissions is on. Strong commitments like this suggest to investors, governments, and business partners alike that an operator is serious about its positioning in a cleaner energy economy,” said Ben Ratner, Senior Director for Environmental Defense Fund+ Business.
“Company leadership on methane does not stop with setting targets. Follow through with good data and transparency are vital – as is leadership in standing up for strong, sensible methane policy that can improve performance across the industry.”
Click Here for the Shell announcement.
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[Posted: Sept. 17, 2018]
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