The Ipieca sustainability article round-up showcases recent sustainability-related achievements, projects and news from Ipieca members and organizations that Ipieca partners with, demonstrating their commitment to advancing environmental and social performance across the energy transition and achieving the UN Sustainable Development Goals.
More innovation, collaboration and investment in biodiversity conservation, low-carbon products and solutions, CCS infrastructure and methane reduction take the stage in the July edition. We also share insights from the High-Level Political Forum on Sustainable Development, and signpost an exciting and important new development for Ipieca - the launch of the Ipieca Principles.
Member sustainability articles
Celebrating a decade of partnership on biodiversity conservation in Australia
For over a decade BHP has partnered with the Australian Government and Earthwatch Australia to deliver the Bush Blitz programme, which supports species discovery and biodiversity conservation across Australia. Since it started, the programme has discovered more than 1,800 new species and increased scientific knowledge key to the preservation of known species.
bp and thyssenkrupp Steel work together to advance the decarbonization of steel production
A memorandum signed between bp and thyssenkrupp Steel is set to help accelerate the steel industry's energy transition by developing the long-term supply of low-carbon hydrogen and renewable power to decarbonize steel production.
Equinor launches solution for large-scale decarbonisation in north-western Europe
Equinor and Fluxy have joined forces to develop infrastructure for transporting captured carbon dioxide through a 1,000 km export trunkline from emitters in Belgium and surrounding countries to safe storage sites in the North Sea.
GeoPark connects Llanos 34 block to 100% renewable power supply
Latin American exploration and production company GeoPark continues to implement its emissions reduction strategy, connecting Llanos 34, Colombia's third-largest hydrocarbons production block, to the Chivor hydroelectric plant supporting the production of ~58,000 barrels of oil per day with 100% renewable hydroelectric power.
Neptune Energy + Wintershall Dea
Ipieca members back OGCI's global initiative to cut methane emissions
Two more Ipieca members have signed on to the Oil and Gas Climate Initiative (OGCI) hosted 'Aiming for Zero Methane Emissions Initiative' in a bid to achieve near-zero methane emissions from oil and gas operations by 2030. Neptune Energy and Wintershall Dea join Ipieca members bp, Chevron, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Saudi Aramco, Shell, TotalEnergies as signatories, and Ipieca as a supporting organization.
Piloting hydrogen fuel cell systems to decarbonize drilling operations
SLB is working with Hyzon Motors to develop hydrogen fuel cells to power onshore drilling operations, helping eliminate rig emissions. The companies aim to pilot the fuel cell as early as the fourth quarter of 2022, and the product will be commercialised in drilling operations within the next 12 months.
Woodside invests in award-winning carbon-to-products company
In support of its efforts to abate operational methane emissions, Woodside has announced a USD 9.9 million equity investment in String Bio, a company recycling greenhouse gases into nutritional and agricultural products with a focus on improving the sustainability of crops and food production, land and water use.
Ipieca insights from key United Nations meetings
UN High-Level Political Forum
Ipieca insights from the 2022 High-Level Political Forum on Sustainable Development
The annual update on the progress of the Sustainable Development Goals took place in New York this July. Key takeaways for the industry included calls to prioritize action to tackle the energy crisis, including increased investment in renewable energy to 'keep 1.5°C alive' and help nations transition as part of their COVID-19 recovery. Ipieca attended the forum, shared the Roadmap and the progress made on its implementation.
UN Oceans Conference
Ipieca insights from the 2nd UN Ocean Conference
More than 6,000 participants attended the second UN Ocean Conference in Lisbon, which had an overarching theme of 'scaling up ocean action based on science and innovation for the implementation of SDG 14 Life below water: stocktaking, partnerships and solutions'. Over 300 voluntary commitments, with approximately 50 high-level commitments and pledges, were made by the Protecting Our Planet Challenge. Ipieca attended the meeting and took the opportunity to engage with stakeholders. An insights report has been prepared for members information.
Ipieca launches principles for its members
Eight Ipieca Principles have been introduced as a new condition of membership for Ipieca corporate and associate members. Grouped under Ipieca's four strategic pillars of climate, nature, people and sustainability, the principles provide a shared ambition for members, including supporting key United Nations conventions and initiatives, and advancing the environmental and social performance of company operations.