BP Goes After Methane with a Stringent, Quantitative Target
Environmental Defense Fund statement from Ben Ratner, Senior Director, EDF+Business
(WASHINGTON, DC) Global oil and gas giant BP today announced its first quantitative methane target as part of several climate initiatives outlined in BP’s Energy Transition report. In a carbon-constrained economy, the climate footprint of oil and natural gas companies becomes an increasingly important metric for investors, policy makers, and civil society alike. A recent Environmental Defense Fund analysis provides critical guidance for operators and other stakeholders on setting and evaluating corporate targets.
“The stringency and immediacy of BP’s initial methane target is constructive. However, going forward, it is necessary that BP expand coverage by including emissions from all oil and gas activities.
“Methane targets are a critical component in risk management and an important public marker for an industry under increasing scrutiny to pursue climate solutions. Verifiable, empirical data and transparency are essential to the credibility of any emissions management program.”
·Ben Ratner, Senior Director, EDF+Business
The International Energy Agency reports that more than half of upstream methane emissions come from oil production activities. As more energy companies and industry coalitions develop methane targets, it is essential that upstream methane emissions from both the oil and gas sides of the business are included in order for targets to be credible and effective long-term.
With more than 3 million members, Environmental Defense Fund creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships to turn solutions into action. edf.org
Media Contact
Latest press releases
-
Public Advocacy Groups Take Trump Administration to Court for Illegal Coal Plant Extension
July 24, 2025 -
Trump Administration Reportedly Planning Widespread Attacks on Our Pollution Safeguards
July 23, 2025 -
FEMA Act Must Recognize Need for Strong Federal Disaster Leadership
July 23, 2025 -
New Report: Massachusetts households poised for more than $600 in median savings with heat pump upgrades under proposed rates
July 22, 2025 -
New Jersey Makes Changes to Proposed Efforts to Combat Sea Level Rise and Flood Risks
July 22, 2025 -
Friday Night Firings of EPA Scientists Endanger the Health and Safety of Americans
July 19, 2025