From The BEACON at GRIST
Online — The biggest oil and gas company in the world is ready to do something about its methane problem. In May, ExxonMobil announced plans to reduce its methane emissions by 15 percent by the year 2020.
Methane, as regular Beacon readers know, is a greenhouse gas that’s 80 times more potent than carbon dioxide. Reining it in is key to avoid runaway climate change — which makes Exxon’s recent efforts critical.
The oil giant just announced partnerships with a bunch of different organizations, to develop technologies to clamp down on methane leaks.
Among its new commitments: participation in studies conducted by the Department of Energy and the EPA’s Oil and Gas Initiative, as well as a methane emissions consortium dedicated to reducing greenhouse gases with fellow oil giants like Chevron.