Climate pollution can spark more tech innovation. Really.

Methane has made quite an entrance into climate science in the last few years.

Though long recognized as a potent greenhouse gas – more than 80 times as powerful as carbon dioxide in the short term – its significance in our battle against climate change has only recently been quantified. The oil and gas industry, for example, is among the largest emitters of methane on the planet, and research (including some by EDF scientists) has documented that far more methane seeps out of wells, pipelines, valves and other points in the oil and gas supply chain than energy companies and official emission inventories report.

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The race to reduce emissions: Five takeaways from OGCI venture day

The day before the World Gas Conference – one of the energy industry’s largest – 10 companies competed for USD $20 million to fund solutions with the power to disrupt how methane is managed, measured, and reduced.

The money was provided by Oil and Gas Climate Investments, the billion-dollar investment fund tied to the Oil and Gas Climate Initiative (OGCI) – a consortium of 10 oil and gas companies sharing knowledge and resources to cut the greenhouse gas footprint of their industry.

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