This week features a new report from the U.N. on the importance of cutting methane emissions, a new sustainable finance council in Canada to increase ESG disclosure, O&G investors call on EPA for tough methane rules, and a free interactive conference on responsibly sourced oil and gas.
United Nations Calls for Immediate and Drastic Methane Reductions
A new report from the Climate and Clean Air Coalition and the United Nations Environment Programme calls for a 45% reduction in methane emissions this decade. The report calls for action on diverse sources but identifies the oil and natural gas industry as having the greatest potential for slashing emissions. Read more [here].
Investors Call for Strong Methane Rules from EPA
Nearly 150 O&G investors with over $5 trillion in assets have signed a statement calling for strong methane rules from the Biden administration. The investors call for regulation of all sources (including inactive wells), frequent monitoring, support for innovation, and minimal venting and flaring. Read more [here].
Sustainable Finance Action Council Launches in Canada
Canadian banks, insurance companies, and financial leaders will be among the members of a new Sustainable Finance Action Council, launched by the Government of Canada. The council will work to mobilize capital and investment and will promote ESG disclosure that is aligned with the Task Force on Climate-Related Financial Disclosures (TCFD). Read more [here].
Interactive Mini Conference: Taking Credit for Responsibly Produced Oil and Gas
Last week, Highwood released a new report called “An Overview of Voluntary Emissions Reduction Initiatives for Responsibly Sourced Oil and Gas”. On June 8th, we will be teaming up with Petroleum Technology Alliance Canada (PTAC) and Gas Technology Institute (GTI) to deliver an interactive mini conference to explore the findings of the new report and hear from experts from across the energy sector. Click [here] for the report and [here] to register for the event.