API updates GHG compendium to improve emissions reporting

The American Petroleum Institute (API) today updated its Compendium of GHG Emissions Methodologies for the Natural Gas and Oil Industry, the foundational reference used by companies and governments across the world as methodologies for reporting GHG emissions from natural gas and oil operations, including for API’s climate-related reporting template released earlier this year. The fourth edition of the compendium includes expanded methodologies for LNG, as well as carbon capture, use and storage.

“As COP26 discussions continue, America’s natural gas and oil industry remains focused on driving progress on climate solutions, including enhanced GHG emissions reporting, while meeting the world’s growing energy demand,” API Vice President of Corporate Policy Stephen Comstock said. “Many companies have reported on GHG indicators for over 20 years, and we are committed to continuous improvement, including this comprehensive update of methodologies in the API compendium. The updated compendium was developed in consultation with our members and stakeholders around the world and reflects the industry’s leadership on sustainability issues and efforts to drive consistency and transparency in climate reporting.”

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