Oil And Gas

Greenhouse Gas Emissions Vary Dramatically Across U.S. Oil and Gas Companies, According to Updated Analysis

Press Release

Analysis from Ceres and Clean Air Task Force benchmarking the relative emissions intensity and total reported methane, carbon dioxide, and nitrous oxide emissions of more than 300 U.S. oil and gas producers finds dramatic variations between companies and basins. In the second year of this analysis, the highest emitting oil and gas companies had a methane emissions intensity nearly 23 times that of the lowest emitting companies according to the most recently available data from the U.S. Environmental Protection Agency.

Ceres Expert Andrew Logan Warns Congress of Oil and Gas Companies' Inadequate and Disingenuous Climate Commitments

Press Release

February 8, 2022 /3BL Media/ - In written comments, Ceres’ top oil and gas expert Andrew Logan warned U.S. House lawmakers today that despite company rhetoric, recent emissions reduction commitments from oil and gas majors bp, Chevron, ExxonMobil and Shell are inadequate and fail to meet the urgency of the climate crisis.

PHMSA Final Rule to Expand Oversight & Incident Reporting to Onshore Gas Gathering Pipelines

Press Release

The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) is issuing a final rule that expands oversight and incident reporting to all onshore gas gathering pipelines.

Oil and Gas Transparency Standard for Low-Carbon Transition

GRI Standard to unlock reporting on sector’s sustainability challenges
Press Release

October 6, 2021 /3BL Media/ - A new sustainability reporting standard for oil and gas has launched today, which will enable complete disclosure on the complexity of transparency demands facing the sector – best positioning companies to demonstrate accountability for their impacts and how they are transitioning to a low-carbon future.

After 'Code Red' Warning, Ceres Launches New Effort to Transform Six of the Highest Emitting Sectors

Press Release
  • Ambition 2030 aims to drive a collective level of greater corporate climate ambition and action to decarbonize entire sectors and prevent more catastrophic global warming. 
  • Scientists warn without immediate, large-scale emissions reductions, previous targets limiting temperature rise to 1.5 degrees Celsius will be out of reach.

Ceres Releases Investor Expectations for Paris-aligned Financial Reporting in U.S. Oil and Gas Sector

Press Release

June 17, 2021 /3BL Media/ - U.S. oil and gas companies, and their investors, are at risk of significant stranded assets because they are not adequately reflecting the impacts of the climate crisis and the clean energy transition in their financial reporting, as detailed in a new report from the sustainability nonprofit Ceres.

New Analysis Reveals Stark Disparities in Emissions Intensity Between Major Oil and Gas Operators

Press Release

June 3, 2021 /3BL Media/ - A first-of-its-kind analysis from Ceres and the Clean Air Task Force provides investors, operators, natural gas purchasers, policymakers and regulators with the data needed to directly compare relative emissions intensity and total reported methane, carbon dioxide, and nitrous oxide emissions for nearly 300 U.S. oil and gas producers. The results reveal dramatic variability between companies and basins.

In Stunning Vote, Shareholders Elect Two New Directors Put Forth by Shareholders at ExxonMobil, Seeking Climate Expertise and Action

Chevron shareholders reach majority vote for a proposal calling for Scope 3 emissions reduction targets
Press Release

In a dramatic shake up signaling an accelerating transition away from a fossil fuel economy, a majority of ExxonMobil shareholders voted to replace two of the oil major’s board of directors with an alternative slate of candidates experienced in clean energy and energy transitions. 

Two directors were elected from the slate nominated by climate activist shareholder Engine No. 1: Gregory Goff, former CEO of Andeavor oil refining company and Kaisa Hietala, former executive vice president of renewable products at Neste. 

Major Investors Demand Ambitious Methane Regulations in the U.S.

147 investors with $5.35 trillion in assets under management call for stronger methane regulations and enforcement
Summary: 

Inaction will leave investors and oil and gas companies vulnerable to climate and reputational risk

Press Release

Inaction will leave investors and oil and gas companies vulnerable to climate and reputational risk

In Historic Votes, Shareholders Demand Strong Climate Action From the U.S. Oil and Gas Industry

Press Release

May 14, 2021 /3BL Media/ - Winning vote totals on shareholder proposals at Phillips66 and ConocoPhillips this week sent a clear signal to the oil and gas industry that investors want to see ambitious climate action — and small commitments are no longer enough. 

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