
Chart depicts methane reductions possible in oil and gas industry, according to a 2014 report from the Natural Resources Defense Council [PDF].
Philip Swanson, administrator of the Climate & Clean Air Coalition’s Oil & Gas Methane Partnership – which counts BG-Group, Eni, Pemex, PTT, Southwestern Energy, Total and Statoil as members – characterized methane as “a reputational issue for the industry.” Those companies involved in the partnership seem to get it.
“Methane (in the natural gas system) is less visible (than flaring natural gas from oil wells), so it’s not talked about as much,” said Jerome Schmitt, executive vice president of sustainable development at Total, who also spoke at the conference. Natural gas is less polluting than coal as long as less than 3 percent escapes into the atmosphere, he said. “What we measure is about 1 percent so it’s not close but remains a factor in emissions,” he said. “We can only be credible on gas if we do it well.” – Reported in Fuel Fix from the Houston Chronicle