(WASHINGTON, DC) International oil and gas major Royal Dutch Shell today announced a strong, quantifiable target to limit methane emissions to near-zero levels by 2025 from managed assets globally. The goal is stringent, time-bound, and covers both oil and gas side emissions, earning it high marks on this 5-point scale. Shell is the third global producer this year to set a methane reduction goal; BP announced its target in April and ExxonMobil in May. “Shell’s industry-leading target makes clear that the race to near-zero methane emissions is on. Strong commitments like this suggest to investors, governments, and business partners alike that an operator is serious about its positioning in a cleaner energy economy.
“Company leadership on methane does not stop with setting targets. Follow through with good data and transparency are vital – as is leadership in standing up for strong, sensible methane policy that can improve performance across the industry.”
· Ben Ratner, Senior Director, EDF+Business
# # #
Environmental Defense Fund (edf.org), a leading international nonprofit organization, creates transformational solutions to the most serious environmental problems. EDF links science, economics, law and innovative private-sector partnerships. Connect with us on EDF Voices, Twitter and Facebook.