As part of its commitment to transparency on climate action, OMV intends to report not only on its own position and action on climate change but also on the position of industry associations in which OMV is a member.
OMV established a review process in early 2020 to ensure that the main associations in which OMV is a member also support the Paris Agreement. In the first paper in 2020, twelve key industry association memberships were reviewed. In 2021, 16 association were reviewed, and the scope of the review was expanded to cover not just support of the Paris Agreement, but also support of the EU climate targets and the World Bank's 'Zero routine flaring by 2030' initiative. OMV is continuously monitoring this issue and will continue to report on it annually going forward.
In cases of misalignment, especially partial misalignment, OMV will first advocate for changes in the association's position. Where OMV's position and an association's position continue to fail to align, OMV will reassess its membership. If OMV is not able to influence the association to adopt a more aligned position on a highly material issue, it will consider ending the participation or membership.
This brochure provides context and information on the Ipieca Principles, their implementation and governance, and includes a toolkit of practical examples, useful resources and reference points to help members support the principles.
PETRONAS has partnered with 12 other organizations, including Southeast Asian oil and gas producers, governmental agencies and international organizations to launch the Association of Southeast Asian Nations (ASEAN) Energy Sector Methane Leadership Program.
Hess Corporation and the government of Guyana announced a historic agreement that will serve to support Guyana’s efforts to save the country’s vast forests and provide capital to improve the lives of Guyana’s citizens through investments made by the government as part of Guyana’s Low Carbon Development Strategy 2030.
QatarEnergy and Chevron have partnered with Pavilion Energy to create a Statement of Greenhouse Gas Emissions Methodology. The initiative is one of the first to develop and publish a methodology specifically to quantify the GHG emissions associated with a delivered LNG cargo.