CLICK HERE to listen to the full interview TRT 7:19
American Petroleum Institute Director of Upstream and Industry Operations Erik Milito previews a press call at 11 a.m. ET on SiriusXM Satellite Radio to announce a new environmental initiative by the energy industry to reduce methane emissions.
Methane is a greenhouse gas that contributes greatly to climate change. The Oil and Gas Environmental Partnership is already turning heads because its leaders are not environmental groups. They are the oil and natural gas companies themselves.
ExxonMobil, BP and other energy firms don’t typically play the role of environmental crusaders. Yet, they are convinced they can slow the pace of climate change while boosting bottom lines and slashing energy costs for customers.
The takeaway is that energy companies don’t let methane burn in the air because it’s fun. It’s literally burning money to them. The Partnership will enable them to capture more of it.
The Partnership – which begins Jan. 1, 2018 – provides the industry with an opportunity to collaborate with experts, learn from one other and share scientific data, as well as best practices to improve environmental performance.
CLICK HERE to listen to the full interview with host Tim Farley.