CHICAGO – John Crane has announced it has joined the Oil and Gas Climate Initiative’s (OGCI) Aiming for Zero Methane Emissions Initiative in support of their mission to eliminate 30% of methane emissions from all sources by 2030.
Established in 2014, the OGCI is a CEO-led group that aims to accelerate the industry’s response to climate change and help drive the energy transition through significant reductions in greenhouse gases.
Incubated by the OGCI and its member companies, the Aiming for Zero Methane Emissions Initiative was launched in early 2022 to rethink how the oil and gas industry approaches methane emissions and its harmful effects on the environment. This initiative recognizes that virtually all methane emissions from the industry can and should be avoided. Supporting companies like John Crane who join the initiative strive to have a positive influence on reducing methane emissions from the oil and gas industry and agree to do what it takes to reach near-zero methane emissions in their operations, reporting transparently, and supporting the implementation of sound regulations.
“Joining the Aiming for Zero Methane Emissions Initiative underscores our commitment to helping customers with their energy transition and decarbonization goals,” said Rebecca Steinmann, Director, Greenhouse Gas Emissions Control. “We are proud to join our oil and gas industry customers and peers to tackle methane emissions reduction targets, and excited to introduce new solutions to avoid methane emissions and supplement monitoring and measurement technologies.”
According to a February 2022 press release issued by the International Energy Agency, methane is responsible for around 30% of the rise in global temperatures since the Industrial Revolution, and quick and sustained emission reductions are key to limiting near-term warming and improving air quality. Methane dissipates faster than carbon dioxide but is a much more powerful greenhouse gas during its short lifespan, meaning that cutting methane emissions would have a rapid effect on limiting global warming.
“We are proud to welcome John Crane to the Aiming for Zero Methane Emissions Initiative,” said OGCI Chair Bob Dudley. “Recognizing that eliminating methane emissions from the oil and gas industry represents one of the best short-term ways of addressing climate change, and I encourage others to join this ambitious effort to eliminate the oil and gas industry’s methane footprint by 2030.”