"As a factor on which we can have an immediate and concrete positive impact, OGMP 2.0 offers an internationally recognized blueprint to companies across our industry willing to make improvements in their emission reductions in all phases of the value chain," Descalzi said. UN officials expect the OGMP2.0 to help governments and companies to work together to achieve methane emissions reductions of 45 percent by 2025 and 60 to 75 percent by 2030. The Oil and Gas Methane Partnership (OGMP) is a Climate and Clean Air Coalition (CCAC) initiative led by the UN Environment Programme (UNEP), the European Commission (EC), and the Environmental Defense Fund (EDF). UNEP has been working with major players in the oil and gas industry to reduce methane emissions, but without a reliable monitoring framework, gauging the efficacy of emissions reduction programs and holding emitters accountable is difficult. We look forward to continue working with all partners involved, as only through collaboration with international organisations, civil society and governments we can deliver on our common goals. "Reducing methane emissions is a key element to ensure that natural gas fully plays its role in the energy transition and this new partnership will foster the sharing of industry best practices, especially on non-operated assets, and improve monitoring," said Patrick Pouyanné, CEO of Total, one of the world's biggest oil and gas companies. In 2019, methane levels topped 2.6 times higher than they were in the year 1750, before the dawn of the industrial era, the WMO report notes — meaning that methane has been accumulating even more rapidly than the other two main greenhouse gases, carbon dioxide (1.5 times pre-industrial levels) and nitrous oxide (1.2 times). "To win the race to net zero emissions, we need everyone on board. Petroleum Technology Alliance Canada and Clean Resource Innovation Network invite you to join us for the annual Methane Emissions Reduction Forum November 4 & 5, 2020 in your own home! Under the direction of President Donald Trump, the United States recently left the Paris Agreement. Crucially, the OGMP 2.0 includes not only a company’s own operations, but also the many joint ventures responsible for a substantial share of their production. We have performed, and expect to continue to perform, above our stated goal. About the Climate and Clean Air Coalition, Oil and gas industry commits to new framework to monitor, report and reduce methane emissions, This site is managed by the Directorate-General for Communication, Aid, Development cooperation, Fundamental rights, Follow the European Commission on social media. We need ambitious action from the oil and gas industry. Flylogix conducted a first trial during August 2020 … A report released by the International Energy Agency earlier this year found that the emissions reduction pledges made by the world's five biggest oil and gas companies fall short of progress mandated by the Paris Agreement. According to the United Nations, the new measurement-based methane-reporting framework will help investors, politicians, policy makers and the public compare the methane emissions -- and methane emissions reduction efforts -- of oil and gas companies all over the world. "We look forward to continue working with all partners involved, as only through collaboration with international organizations, civil society and governments we can deliver on our common goals," Descalzi said. Reducing methane emissions is a crucial effort in the industry’s decarbonisation pathway. Said Claudio Descalzi, Chief Executive Officer of ENI. So far, 62 companies on five continents, comprising nearly a third of the world's oil and gas production, have agreed to the monitoring and reporting framework, named the Oil and Gas Methane Partnership 2.0, or OGMP2.0.