We are launching a new program to finance or invest in projects around the world that deliver significant near-term impact by deploying proven methods and technologies.
Project proposals may include innovative solutions and business models in areas such as: Flare minimization, Venting elimination, Fugitives reduction and Complete combustion.
2020 Investment Call:
Projects to reduce methane emissions
Why does this matter?
Over 20 years, the global warming potential of methane is 84 times that of CO2.
Methane is responsible for around 25% of today’s global warming.
(IPCC AR5, 2013)
What is the impact?
- We aim to accelerate the reduction of methane emissions by closing the capital availability gap that is hindering commercially viable projects.
- Successful demonstration of innovative business models will attract broader investor participation in future emission reduction projects.
Oil and gas operations created ~80Mt of methane emissions in 2019