As announced by OGCI Chairman Bob Dudley on Day 1 of #BNEFSummit with @PerkinsDanaM, OGCI is today reporting significant progress on our aggregate upstream #methane and #carbon intensity targets.

We have surpassed our original upstream methane intensity target of 0.25% and will now aim to lower methane intensity to 0.20% by 2025. Progress so far represents a 22% in absolute upstream methane emissions since 2017.

We also share progress against our recently launched carbon intensity target. Actions by our members resulted in a 7%in collective average upstream carbon intensity since 2017 to 21.1 kg CO2e/boe in 2019. This reduced absolute upstream emissions by 21M tonnes of CO2e.

Our members are now focused on achieving the low-end target of 20 kg/boe. Achieving this would mean a of 13% in carbon intensity over the 2017 baseline.

Read our full release here: https://oilandgasclimateinitiative.com/ogci-reports-significant-progress-on-aggregate-upstream-methane-and-carbon-intensity-targets/