Methane Clips: December 21, 2021

Methane General News

Exxonmobil, Scepter Looking To ‘Redefine’ Global Methane Detection, Mitigation. According to Natural Gas Intel, ‘ExxonMobil is teaming up with Scepter Inc. to deploy advanced satellite technology and data processing platforms to ‘redefine methane detection and mitigation efforts,’ initially in the Permian Basin. The partnership is slated to be multi-sector, extending across the energy complex and dozens of other industries including agriculture, manufacturing and transportation. ‘This collaboration will enable multiple industries to identify the sources of methane emissions around the world in real-time, so that leak repairs or mitigation solutions can be deployed rapidly,’ said ExxonMobil’s Bart Cahir, senior vice president of Unconventional. The work with Scepter is ‘another example’ of how ExxonMobil is investing in technology to align with a recent pledge to reduce methane emissions in 2030 by 30% from 2020 levels.’ [Natural Gas Intelligencer, 12/20/21 (=)]

Opinion Pieces

Op-Ed: Quaker Investors Urge EPA To Advance Strong Methane Emissions Rules. According to Op-Ed by Jeffery Perkins in The Intelligencer, ‘While socially-responsible investing has gained considerable currency in recent years, investing consistent with the Quaker values of integrity, community and care for creation is what the Friends Fiduciary Corporation, headquartered in Philadelphia, has done for many, many years. We invest on behalf of Quaker meetings, schools, churches, and other organizations in Pennsylvania and across the country. As investors, we see climate change as an existential threat to our portfolio and a growing number of institutional investors agree with us. For this reason, we are vocal proponents of the Environmental Protection Agency’s (EPA) draft rule to cut emissions of methane, a potent greenhouse gas, from the oil and gas sector. In fact, we are urging the agency to further strengthen its rule to maximize the benefits for public health and the environment. We echoed our position at recent virtual public hearings that saw overwhelming support for a more protective rule.’ [Intelligencer, 12/20/21 (+)]