Right now, oil and gas companies are reasonably relaxed about their emission reporting. We gather data about our flaring, fuel use and leaks. We talk about projects we are doing to reduce environmental impact. That may be about it.
Joanne Edgeler, Senior Investment Manager with the UK's North Sea Transition Authority (NSTA, formerly known as the Oil and Gas Authority), and chair of its ESG Taskforce, wrote a letter to all UK operators (licensees) on March 31 2022 encouraging better ESG reporting.
The US, EU and UK all announced plans to regulate or drive down methane emissions from fossil fuel production over 2021. It is very unusual for these organisations to do something at the same time.
Oil and gas companies want to show they are sustainable, and becoming more sustainable, to investors, lenders, fuel buyers, governments, employees, and others.
Future Energy Partners' sister company, Future Energy Publishing, ran a webinar on Guyana oil and gas production and whether the production counts as 'advantaged'.
If an oil and gas person talks about their sustainability to an arch-environmentalist, the accusation of greenwash can come back immediately. Oil and gas can never be sustainable, they would say.
The Major Oil & Gas companies (Exxon, Chevron, BP, Equinor, Total, Shell etc) have adhered to the proposition that gas will be a major component of the (coming sooner or later to a screen near you) Energy Transition.
There is increasing evidence that Environmental Social Governance (ESG) performance leads to improved financial performance. The evidence is not irrefutable. However, for reputational purposes, if for no other reason, the European Oil majors are putting increased effort into re
Do they tell stakeholders what their plan and ESG performance is against peers?
