LATEST NEWS PROJECTS REDUCING EMISSIONS ENERGY INNOVATION INSIGHTS Share on Facebook Share on Twitter Share on Linkedin Send email Copy Link PERSPECTIVES BLOG The Global Methane Pledge Neil Chapman 10.26.2021 icon/text-size icon/like In September, the U.S. and European Union announced a Global Methane Pledge to reduce methane emissions by 30% below 2020 levels by 2030. More than 30 nations have now joined the Pledge, and more could be announced at the upcoming COP26 climate summit in Glasgow, Scotland. ExxonMobil supports this initiative. In announcing the Global Methane Pledge, the U.S. and European Union stated: “Rapidly reducing methane emissions is complementary to action on carbon dioxide and other greenhouse gases, and is regarded as the single most effective strategy to reduce global warming in the near term and keep the goal of limiting warming to 1.5 degrees Celsius within reach.” Speaking last month about the need to reduce methane emissions, President Biden said: “We have to act and we have to act now.” ExxonMobil agrees, and we are committed to working with the U.S. government, the European Commission and other governments to help achieve the objectives of the Pledge. More specifically, we are: As previously announced, reducing our own methane emissions by 40-50% by 2025 compared to 2016 levels; Developing, testing and deploying new methane detection and mitigation technologies; and Working with others in our industry to advance methane emission reductions. We believe our ongoing methane reduction plans are aligned with the Pledge’s goal. We also see the value of collaborating with other methane-emitting sectors – such as agriculture, livestock, and landfills — and will share our experience, technologies and mitigation strategies to help find solutions that work for them. Because each nation has a different methane emissions profile, contributions from all sectors will be critical to achieving the Pledge goals (see graphic below). Image credit: John Keefe, CNN Our support for methane emissions reduction is not new. In 2017, ExxonMobil signed on to the Methane Guiding Principles, and last year we introduced a model framework for industry-wide methane regulations to reduce emissions in all phases of production. And, we support the U.S. Environmental Protection Agency directly regulating methane emissions for both new and existing sources of oil and gas production, as well as the 2020 European Commission Methane Strategy. Helping meet the growing demand for energy to support economic development around the world while minimizing environmental impacts and the risks of climate change is a critical challenge for all of us. All segments of society, including government, academia, the broader scientific community, the private sector and consumers, must work together to find effective solutions. ExxonMobil is committed to being part of the solution. Our scientists and engineers are applying their expertise and ingenuity to help responsibly meet the world’s need for energy, while working to find solutions to enable and to accelerate the transition to a lower-carbon emissions future. TAGS LOWERING EMISSIONS METHANE METHANE REDUCTION Share on Facebook Share on Twitter Share on Linkedin Send email Copy Link icon/text-size icon/like EXPLORE MORE METHANE Tracking methane from above 07. 29. 2021 ExxonMobil is setting out to change how the industry tracks, and fixes, methane leaks. Continue reading PERSPECTIVES & PARTNERS Certified gas pilot to help our customers meet environmental goals Bart Cahir 09. 15. 2021 The methane landscape has evolved rapidly and considerably since ExxonMobil announced our enhanced voluntary methane emissions mitigation program nearly four years ago. Continue reading PERSPECTIVES & PARTNERS Methane: Developing new technologies for regulatory compliance Bart Cahir 04. 08. 2021 ExxonMobil is the first company to file an application with the U.S. Environmental Protection Agency (EPA) to use new technologies to detect methane emissions at oil and natural gas sites. Continue reading NEWSLETTER Sign up for updates Weekly Monthly Are you an ExxonMobil investor? Click here to subscribe to our investor newsletter. Are you a member of the press? 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