The Climate and Clean Air Coalition created a voluntary initiative to help companies reduce methane emissions in the oil and gas sector. The Oil & Gas Methane Partnership was launched at the UN Secretary General’s Climate Summit in New York in September 2014.
In November 2020, UNEP, CCAC, European Commission, the Environmental Defense Fund and 62 oil and gas companies launched OGMP 2.0, a more ambitious and comprehensive reporting framework. The updated framework was designed to foster and encourage reporting directly connected to strategic action. This improved methane reporting has a performance element focused on reduction approaches, technology advancement and policy development. Its goal is to help the oil and gas industry realize and credibility report deep reductions in mineral methane emissions over the next decade in a way that is transparent to civil society and governments.
OGMP 2.0 delivers against four key objectives:
- Provide governments and the public with assurance that industry member methane emissions are being managed responsibly and credibly in order to inform policy decisions.
- Provide member companies with a credible means to demonstrate how they are contributing to climate mitigation, are making progress against declared targets in line with the UNEP target for the whole oil and gas industry of 45% methane reduction by 2025, and 60-75% reduction by 2030.
- Encourage accurate methane reporting based on measurements and methane emission reductions through transparency, flexibility, collaboration, and best practice sharing.
- Encourage wider participation in the OGMP so significant methane reductions in the sector can be realized by 2025/2030.
Key updates to the original OGMP framework include:
Companies report actual methane emissions figures from both operated and non-operated assets in line with their reporting boundaries.
Reporting now covers all segments of the oil and gas sector that emit material quantities of methane (upstream, midstream, downstream).
The scope of reporting has expanded from the original nine core sources to all material sources.
Member companies announce their own individual reduction targets and periodically report on progress towards these targets.
There are now five reporting levels. The highest level requires reported emissions to include source-level and site-level measurements. Companies have 3 years to achieve compliance for operated assets and 5 years for non-operated assets.
The OGMP 2.0 Reporting Framework provides public assurance that this important greenhouse gas is being managed responsibly. Companies that conform to this gold standard of reporting can credibly demonstrate that they are contributing to climate mitigation and delivering their methane improvement objectives and targets.
Please visit the OGMP 2.0 website for updated information and guidance documents on OGMP 2.0: https://www.ogmpartnership.com/