Methane is a powerful greenhouse gas, second only to carbon dioxide in its overall contribution to climate change. It is responsible for about a third of current climate warming, according to the International Energy Agency.  Following the UNFCCC COP26 and the recent call for further action to achieve a worldwide reduction of 30% of methane emissions from all sources by 2030, the time has come for the industry to go further.  Signatories recognize that eliminating methane emissions from the oil and gas industry represents one of the best short-term opportunities for quickly mitigating climate change and is essential for achieving the goals of the Paris agreement.  The International Energy Agency’s 2022 methane tracker shows that 357 million tonnes of methane (MtCH4) was emitted in 2021. Of this total, around 80 MtCH4 came from the oil and gas sector. Based on these figures, if the entire industry were to join the Initiative and reach near zero it could eliminate around 23% of global human-caused methane emissions (IEA, 2022).