Methane Guiding Principles (MGP) has launched a new playbook for companies looking to work with their joint venture (JV) partners on methane reductions. This playbook includes strategies for engaging uncooperative partners and offers practical advice on reducing methane emissions in non-operated JVs (NOJVs).
The oil and gas sector is the largest industrial source of methane emissions and is responsible for around 80% of global industrial methane emissions. It is urgent methane emissions are reduced from the sector to reach net zero and limit warming to 1.5°C.
The playbook is divided into four main sections. The first section provides an overview of the links between climate change, the oil and gas industry, and methane emissions, and explains why influencing NOJVs is important. The second outlines the five common reasons NOJVs give for not reducing methane emissions and offers advice on how to address them.
The next section provides guidance on what, who, how, and where to influence and lastly, there are tips and tactics for influencing partners. Plus, the playbook includes three templates for companies to use when communicating with their JV partners and designing a methane reduction program.
The playbook is part of MGP’s Partner Collaboration Campaign to help oil and gas companies engage with mutual JV partners to identify mitigation opportunities and develop methane-reduction roadmaps.