On December 1st, at the world’s capstone climate conference for 2023 – COP28 – currently underway in the United Arab Emirates, the global Oil and Gas Methane Partnership (OGMP) released its signature report on methane emissions, which outlines the commitments made by member companies to reduce their methane output. In this report, NGC – an OGMP member since 2021 – was highlighted as one of 84 companies achieving the “Gold Standard” status for their level of reporting and methane reduction ambitions. This is the second consecutive year that NGC has achieved this recognition.
The OGMP is a multi-stakeholder partnership to improve the accuracy and transparency of methane emissions reporting. The OGMP report – titled “An Eye on Methane: The road to radical transparency – International Methane Emissions Observatory 2023 Report” – reveals that the Gold Standard is conferred upon companies that have demonstrated “an explicit and credible path” to progress through the OGMP’s tiered system for tracking and reporting methane emissions from their operations. Specifically, to reach Gold Standard status of reporting, companies need to announce 2025 absolute reduction or near-zero intensity targets.
