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An Overview of Voluntary Emissions Reduction Initiatives for Responsibly Sourced Oil and Gas
Greenhouse gas emissions from the oil and gas industry are in the crosshairs of regulators, the public, and investors around the world. A growing number of voluntary emissions reduction initiatives exist for companies that want to demonstrate leadership to investors, end users, and the public. But the space is noisy; how initiatives compare, and the benefits of participation remain unclear. To shed light on these matters, Highwood has published a new report called “An Overview of Voluntary Emissions Reduction Initiatives for Responsibly Sourced Oil and Gas.” The report evaluates and classifies 20 certifications, guidelines, commitments, and environmental, social and corporate governance (ESG) ratings according to various criteria and reveals a number of important key findings and knowledge gaps. This talk will provide an overview of the report, focusing on thoughts around how to classify and compare initiatives. Findings and knowledge gaps will be presented, leading to an interactive discussion that will explore how best to move forward.
Thomas Fox is President of Highwood Emissions Management. He completed a Ph.D. at the University of Calgary, where he worked at the interface of industry, government, and academia to develop, evaluate, and deploy novel methane measurement technologies. At Highwood, Thomas works with O&G clients to design and implement integrated emissions management strategies. His team specializes in emissions data analytics, baseline assessments, abatement plans, leak detection and repair programs, carbon markets, regulatory reporting, responsibly sourced gas certifications, and ESG disclosure. With expertise in methane measurement and technology evaluation, Thomas also works with innovators and solution providers to build, demonstrate, and deploy new technologies.