ExxonMobil Proposes Framework for Industry-Wide Methane Regulations
03 Março 2020 - 11:00AM
Business Wire
ExxonMobil (NYSE:XOM) today released a model framework for
industry-wide methane regulations and urged stakeholders,
policymakers and governments to develop comprehensive, enhanced
rules to reduce emissions in all phases of production.
“ExxonMobil has been applying the principles of this framework
to our oil and natural gas operations for several years, resulting
in improvements that demonstrate what’s practicable and
achievable,” said Darren Woods, chairman and chief executive
officer of Exxon Mobil Corporation.
“We offer this blueprint to companies across our industry as
they consider how to make improvements to reduce the sector’s
methane emissions. Our industry has developed high-tech advances to
curb emissions, and we also hope this framework will be helpful for
governments as they develop new regulations,” said Woods.
The ExxonMobil model framework is based on its voluntary methane
reduction program, which involves prioritized replacement of
components with a high-leak potential at production sites,
technology enhancements to infrastructure and substantial data
gathering and research. More comprehensive than current federal
rules, the proposed regulations would apply to new and existing
sources. The company has reduced methane emissions from its U.S.
unconventional operations by 20 percent since 2016 and remains on
track to reach its target of 15 percent reductions across the
company.
To achieve meaningful reductions in methane emissions,
regulations should address and include four primary
requirements:
- Leak detection and repair programs across oil and gas
infrastructure
- Minimization of venting
- Operational equipment controls
- Record keeping and reporting to support agency enforcement
ExxonMobil has advocated in the United States for a
cost-effective, federal regulatory standard to manage methane
emissions from both new and existing oil and natural gas
facilities. The company will continue to work constructively with
state and federal regulators, industry and nongovernmental
organizations to develop and implement cost-effective and
reasonable methane-emission regulations.
ExxonMobil supports the Methane Guiding Principles for reducing
methane emissions across the natural gas value chain, which were
signed in 2017. The guiding principles are being implemented in
collaboration with many stakeholders, including the Environmental
Defense Fund, the International Energy Agency, the International
Gas Union, the Oil and Gas Climate Initiative Climate Investment
Fund, the Rocky Mountain Institute, the Sustainable Gas Institute,
the Energy and Resources Institute and United Nations
Environment.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy companies, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. To learn more, visit exxonmobil.com and
the Energy Factor.
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