In a ground-breaking address at the 27th annual Conference of the Parties (COP27), I issued a clarion call to all Oil & Gas companies, regardless of their geographic location, to unite under the banner of the Oil and Gas Methane Partnership 2.0 (OGMP 2.0). The collective goal we aim to achieve is a future with zero methane emissions. Anticipating COP28, a turning point is expected as 50 companies have taken the initiative, setting a bold precedent that promises profound implications for the energy sector's future.
1. At the 27th annual Conference of the Parties (COP27), a call was issued to all Oil & Gas companies to unite and join the Oil and Gas Methane Partnership 2.0 (OGMP 2.0).
2. The collective aim of the partnership is to achieve a future with zero methane emissions, with a significant move anticipated at COP28.
3. As a turning point, 50 oil and gas companies have initiated to join OGMP 2.0, setting a bold precedent that may change the future of the energy sector.
4. This large participation signifies a massive step forward in efforts to fight the environmental dangers posed by methane emissions.
5. The success of this initiative will depend on the implementation of new sustainable strategies and commitments, beyond just participation in the partnership.
As of now, these 50 companies collectively represent 30% of the world's oil and gas production.
At COP28, an astounding number of 50 oil and gas companies had decided to heed this call and have joined OGMP 2.0. This signifies a major forward step in the global effort to combat the environmental dangers posed by methane emissions. It is clear now, more than ever, that these companies are starting to understand the crucial role they have to play in mitigating climate change and enforcing more sustainable practices. However, while joining the partnership is one thing, the true test lies in the implementation of the strategies and commitments that come along with it.