Ipieca members are reducing greenhouse gas (GHG) emissions from their operations through energy efficiency, flare reduction and managing methane emissions, as well as increasingly powering their operations with low-carbon or renewable energy sources. They are also helping their consumers and other sectors reduce their emissions through the increased use of gas, enhanced efficiencies in engine-fuel systems, and developing technologies such as carbon, capture and storage, hydrogen, electric vehicles, biofuels, and liquefied natural gas.
The oil and gas industry provides the reliable and affordable energy needed to enable fair growth and improved living conditions for all.
Member performance stats*
100% of Ipieca members
are working to reduce their GHG emissions
78% of Ipieca members
have set aims for net-zero emissions by 2050 for Scope 1 and 2
36% have set NZE by 2050 aims for Scope 3
72% of Ipieca members
have adopted low-carbon products and solutions
78% of Ipieca members
have carbon capture and storage/carbon capture, utilisation and storage initiatives or plans
37% of Ipieca members
are involved in low-carbon and sustainable aviation
46% of Ipieca members
have signed the Oil & Gas Decarbonization Charter
66% of Ipieca members
have circular economy initiatives
54% of Ipieca members
endorse the World Bank's 'Zero Routine Flaring by 2030' initiative
83% of Ipieca members
produce or invest in renewable energy
(including purchasing renewable energy to power operations and facilities)
Ipieca climate action case studies
Click on the links below to see how Ipieca members are contributing to the Paris Agreement.
Reducing energy consumption is the most cost-effective strategy for lowering GHG emissions. According to the International Energy Agency, enhancing energy efficiency could contribute up to 40% of the emissions reductions needed under the Paris Agreement.
Aiming for zero methane emissions
Methane is a short-lived, but potent greenhouse gas, making it an ideal target for climate change mitigation strategies.
Decarbonising road transport, shipping and aviation
The oil and gas industry has a key role to play in the production and adoption of cleaner, lower-carbon and alternative fuels and decarbonisation technologies to help hard-to-abate sectors to lower emissions and advance the energy transition.
Supporting the sustainable scale up of carbon capture and storage technology
One of the key technologies that can enable large-scale, cost-effective mitigation of CO2 within the industry and across other sectors is carbon capture and storage.
Advancing low-carbon energy solutions
In the transition to a low-carbon economy, energy sources such as hydrogen or ammonia, could play a key role. Because of the close association of hydrogen and fossil fuels, the oil and gas industry has the experience, skills and knowledge to support the emerging hydrogen economy.
Electrifying oil and gas production
Ipieca members are increasingly powering their operations with low-carbon or renewable energy sources, helping reduce GHG emissions from their operations.
Enhancing access to affordable, reliable, sustainable and modern energy
Members work to provide access to affordable, reliable, sustainable and modern energy, which is essential for economic growth, employment, education, poverty reduction, and health and safety.
Conserving, enhancing and restoring high carbon stock ecosystems
Ipieca promotes a nature conservation mitigation hierarchy framework of avoid, minimise, restore, offset. Members are working with local communities and conservation organisations to protect and restore high carbon stock ecosystems, such as wetlands and mangroves.
Working to eliminate routine flaring
By working through a range of consortia, such as the World Bank’s Global Flaring and Methane Reduction Partnership, Ipieca members are reducing the amount of ‘associated’ gas that is flared.
*Based on publicly available data as at April 2025.