20 Oct '16, 3pm

What gets measured, gets managed. New report helps investors ensure O&G companies are managing methane risk

What gets measured, gets managed. New report helps investors ensure O&G companies are managing methane risk

Oil and gas industry investors face increasing financial, reputational and regulatory risks from widespread methane emissions. An Investor’s Guide to Methane: Engaging with Oil and Gas Companies to Manage a Rising Risk [PDF] , by EDF and the Principles for Responsible Investment (PRI), is a first-of-its kind guide to help investors manage methane risk through company engagement. Methane — the primary component of natural gas and a climate pollutant 84 times more powerful than carbon dioxide over a 20-year period — is responsible for a quarter of global warming happening today. The oil and gas sector is the largest industrial source of methane emissions, costing an estimated $30 billion in lost product each year. While some companies are beginning to engage more deeply, EDF’s breakthrough Rising Risk report found that as of early 2016, none of the 65 leading upstream and mi...

Full article: https://www.edf.org/energy/investors-guide-methane

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