Insight
Is the oil and gas decarbonisation charter a big deal?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Oil and Gas Decarbonisation Charter (OGDC) – a commitment to net-zero oil and gas operations by 2050, elimination of routine flaring and near-zero methane emissions – was launched at COP 28. It is a voluntary charter and the 50 OGDC signatories comprise NOCs, Majors and Independents producing 40% of the world’s oil. This sounds like a lot, and any emissions reduction agreement is positive. But the OGDC accounts for only 30% of the upstream sector’s Scope 1 and 2 emissions so how effective will it be?
Table of contents
- Executive Summary
Tables and charts
This report includes the following images and tables:
-
2023 upstream Scope 1 and 2 emissions intensity
What's included
This report contains:
Other reports you may be interested in
Insight
Towards Direct Air Capture (DAC) at scale, a trilogy — Part III
In this final entry of our DAC trilogy, we discuss the strategy fundamentals that will turn DAC from a vision to a reality.
$1,250
Country Report
Türkiye upstream summary
Outlook transformed by giant Black Sea gas discoveries and renewed onshore success - State-owned TPAO dominates Türkiye's ...
$6,480
Insight
US upstream in brief: Kosmos and Oxy sanction Tiberius project in Gulf of America
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
