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.
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.
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.
GRI Standard to unlock reporting on sector’s sustainability challenges
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.
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.
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.
Chevron shareholders reach majority vote for a proposal calling for Scope 3 emissions reduction targets
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.
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.