A group of the world's top oil companies, including Saudi Aramco , Shell and Exxon Mobil , said on Tuesday that it has committed to cut fugitive emissions of methane, a potent greenhouse gas, to near zero by 2030.
, said on Tuesday that it has committed to cut fugitive emissions of methane, a potent greenhouse gas, to near zero by 2030.
The decision by Oil and Gas Climate Initiative , which includes 12 of the world's largest oil and gas company follows calls by governments at the Glasgow COP26 climate summit last year to reduce methane emissions by 30% by 2030. Methane emissions, the main greenhouse gas after carbon dioxide, are caused by natural gas leaks from infrastructure. It has a higher heat-trapping potential than CO2 but breaks down in the atmosphere faster - meaning that cutting methane emissions can have a rapid impact on reining in global warming.