In a significant move towards addressing climate change, a consortium of 50 major oil and gas companies are predicted to consent to vastly reduce their methane emissions over the next decade. This agreement, emerging at a time when the world grapples with rising temperatures and extreme weather events, symbolizes a critical step in the industry's commitment to curtailing its environmental impact.
1. A consortium of 50 major oil and gas companies is expected to make a significant commitment towards addressing climate change by reducing their methane emissions over the next decade.
2. This agreement emerges when the world is grappling with issues such as rising temperatures and extreme weather events related to climate change.
3. The proposed reduction in methane emissions, a potent greenhouse gas, is a critical step in the industry's commitment to curtailing its environmental impact.
4. At the United Nations Climate Change Conference, these oil and gas companies plan to cut their methane emissions by approximately 30% from 2020 levels by the end of 2030.
5. The expected pledge comes as there has been increasing pressure on the industry to clean up its act due to the worsening climate crisis, and reducing methane emissions can play a key role in achieving global environmental sustainability.
This consortium aims to reduce their methane emissions by 50% by the end of 2030.
At the United Nations Climate Change Conference, these oil and gas giants are set to make a significant commitment. They plan to reduce their methane emissions, a potent greenhouse gas, by approximately 30% from 2020 levels by the end of 2030. This expected pledge comes as mounting pressure has been placed on the industry to clean up its act due to the escalating climate crisis. The impacts of methane are far-reaching, given its potency and its role in exacerbating global warming. Its reduction is hence a critical step towards achieving global environmental sustainability.