As the oil industry increasingly grapples with reducing the carbon intensity of its crude production to curb upstream emissions, pressure is growing on the world’s biggest gas-flaring countries to rein in a major source of climate-damaging CO2 The world’s biggest CO2 emitters from gas flaring continue to be some of its biggest oil producers, including .
Moving the needle with the urgency required to deliver on the Global Methane Pledge announced at COP26 requires us to “lean in” to cut methane emissions that are fully within our control across our operations.
From U.S. domination to energy transition, two years that changed oil
Former U.S. Secretary of State Mike Pompeo took the stage at the world’s largest energy conference in 2019 to declare an age of U.S. dominance after a decade of rapid shale development made the United States the world’s top oil and gas producer.
Two years later, the oil industry is recovering from the worst recession it has ever experienced after measures to contain coronavirus stopped billions of people from traveling and wiped out one-fifth of worldwide demand for fuel. The U.S. fossil fuel industry is still reeling after tens of thousands of jobs were lost.
How t oil industry is recovering from its worst recession after measures to contain coronavirus stopped billions of people from traveling and wiped out one-fifth of worldwide demand for fuel.
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