As society moves to demand lower carbon intensity energy, financial institutions play a critical role in shaping the path forward for the oil and gas sector. This report explores the growing need for accurate methane data, the role of measurement-informed inventories, and how existing frameworks including OGMP 2.0 and EU regulations can facilitate meaningful collaboration between banks and industry.
Key insights include:
- Financial institutions face mounting pressure to align with and support oil and gas companies that will thrive in a low-carbon future.
- Financial institutions require accurate, company-specific methane data for their own corporate carbon accounting and meaningful engagement with the oil and gas sector.
- Of the four data categories defined in this report, measurement-informed inventories are best positioned to meet the needs identified by banks during New York Climate Week.
- The data and protocols for measurement-informed inventories, established through OGMP 2.0 and EU regulations, should form the foundation for future engagement between banks and oil and gas companies.
Thank you for reading this report, and please do not hesitate to reach out with any feedback or reflections.
