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Exxon, oil giants team up to reduce methane emissions

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Exxon, oilgiants team up to cut emissions

ExxonMobil Corp. and seven other energy firms have teamed up to tackle natural gas sector greenhouse gas emissions, the companies announced on Wednesday.

Exxon was the only American-owned company to sign an agreement to crack down on emissions of methane, a powerful greenhouse gas that producers tend to emit along the natural gas production line.

The companies agreed to take steps to reduce methane emissions, work with institutions and governments to write new methane regulations, improve emissions reporting data and increase transparency.

The oil industry has increasingly touted natural gas as an effective way to cut down on electricity sector greenhouse gas emissions, because it burns cleaner than other fossil fuel alternatives like coal.

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