EDF collaboration
In 2019, bp and Environmental Defense Fund (EDF) announced a groundbreaking three-year collaboration aimed at reducing methane emissions across the oil and gas supply chain.
A second project is exploring opportunities for reducing methane emissions at non-operated joint ventures (NOJVs). bp has set a global methane intensity1 target of 0.2% by 2025 for our operated assets, and we would like to work with our partners to join us in setting similar targets. Through our participation in the Methane Guiding Principles initiative, both bp and EDF have engaged with a wide range of stakeholders to help find potential solutions for NOJVs.
Non-operated joint ventures make up a significant portion of our production. We will work to influence these partners to set their own methane intensity targets of 0.20%. However, our work does not stop there. We are engaging with partners on methane mitigation technology and best practices on a bilateral basis and in collaboration with others.
A third project has examined the landscape of technologies that could be used for high-frequency monitoring or near-continuous measurement of potential methane sources. Such technologies would make it easier to identify, quantify and repair methane leaks. We are working with leading researchers to understand what is currently available and how we can drive further progress.
While EDF and bp don’t see eye to eye on every issue, we both agree on the need to slash methane emissions as rapidly as possible and to accelerate the transition to a net zero economy.
bp raised the bar for industry when it committed to verify a 0.20% methane intensity across its operations and stop routine gas flaring in the US by 2025. Broadly deploying new measurement practices like those pursued through this technology collaborative is key for bp to achieve its goals and demonstrate real emission reductions. A new field of climate satellites will soon escalate transparency and accountability on methane, providing one more reason for proactive industry efforts to cut emissions now.
