Reduction of Methane Emissions: Total Strengthens Its Commitment With The OGMP 2.0 Initiative
23 November 2020 - 5:12PM
Dow Jones News
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT), partner to the initiative
since 2014, has joined the second phase of the Oil & Gas
Methane Partnership (OGMP 2.0) of the United Nations Environment
Programme, which brings together industrial companies, governments
and NGOs to better monitor and report methane emissions in order to
reduce them. This second phase of the partnership aims at defining
a broader and more ambitious methane-reporting framework, extended
to the entire gas value chain and to non-operated assets.
"As one of the world leaders in the natural gas value chain,
Total is committed to reducing methane emissions to ensure that
natural gas continues to play its key role in the energy
transition; this new partnership will foster the sharing of
industry best practices, especially on non-operated assets, and
improve monitoring," said Patrick Pouyanné, Chairman & CEO of
Total. "Our performance is amongst the industry's best as we have
already cut methane emissions by 45% since 2010. And in order to
progress further on monitoring, Total invests in cutting-edge
R&D programs to support the development of future detection and
measurement technologies".
Total's methane emissions
Total's methane emissions stood at 68 kilotons in 2019,
representing an emission intensity of around 0.2% of the commercial
gas produced on operated upstream oil and gas facilities. The
Group's objective is to reduce that intensity below 0,2%, and
notably to reduce it further for the gas assets to below 0.1% of
the commercial gas produced.
To control those emissions, Total addresses the various sources
of methane -- mainly flaring, venting and fugitive emissions -- and
follows strict design standards to ensure near-zero emissions for
its new projects. Total is committed to zero routine flaring by
2030 and has reduced this type of flaring by 80% since 2010.
The Group has an extensive research program to develop emission
measurement technologies -- with fixed camera, drones or satellites
-- and has established, in the south of France, a specific
dedicated testing site for such technologies (TADI -- Total Anomaly
Detection Initiatives).
Total is a member of numerous industry associations and reviews
regularly their positions on climate, in particular on methane, to
promote the axes of progress to which it is committed. The Group
also takes position on public policies when relevant, as in 2019
when it publicly voiced its opposition to the rollback of methane
regulations in the United States.
Read more here about our Climate Ambition "Getting to Net Zero",
with a focus on methane emissions on page 22
About the OGMP
The OGMP, launched at the UN Climate Summit in 2014, was created
by the Climate and Clean Air Coalition (CCAC) as a voluntary
initiative to help companies reduce methane emissions in the oil
and gas sector. It is a collaboration between the UN Environment
Programme (UNEP), the European Commission (EC), the Environmental
Defense Fund (EDF), the Climate and Clean Air Coalition (CCAC) and
64 leading oil and gas companies representing 30 % of the world's
oil and gas production on five continents, and offers a credible
platform to help member companies demonstrate actual reductions to
industry stakeholders.
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and electricity. Our 100,000 employees are committed to
better energy that is more affordable, more reliable, cleaner and
accessible to as many people as possible. Active in more than 130
countries, our ambition is to become the responsible energy
major.
* * * * *
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE directly or indirectly owns investments are separate legal
entities. TOTAL SE has no liability for their acts or omissions. In
this document, the terms "Total", "Total Group" and Group are
sometimes used for convenience. Likewise, the words "we", "us" and
"our" may also be used to refer to subsidiaries in general or to
those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20201123006019/en/
CONTACT: Total
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
SOURCE: Total
Copyright Business Wire 2020
(END) Dow Jones Newswires
November 23, 2020 10:57 ET (15:57 GMT)
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