Business leaders don’t make decisions in a vacuum – they need strong data and analysis to make the business case for actions to reduce environmental impacts. That’s why EDF has developed multiple groundbreaking reports on the oil and gas sector, to bring to light the business benefits and cost-effectiveness of curbing methane emissions. Reducing how much methane is lost to the air supports good-paying jobs across the U.S., reduces waste and keeps harmful pollution from doing damage to our climate and communities.
Cost-effective solutions, available today
To better understand the business case for methane emission reduction opportunities across the oil and gas industry, EDF commissioned global consultancy ICF International to look at the economics of those measures, from upstream production to downstream distribution.
Based on data and input from experts across the oil and gas sector, reports covering the U.S., Canada and Mexico all show that the oil and gas industry in all three countries can significantly and cost-effectively reduce 40-45% emissions of methane using currently available, cost-effective technologies and operating practices, for pennies or less per thousand cubic feet of gas produced.
In addition, the studies show that 90 percent of emissions over the next five years will come from sources in operation today – as opposed to new sources – and the potential for reducing emissions is above and beyond what is already under current regulatory and projected voluntary efforts through 2020.
Download our reports on the costs and benefits of reducing methane emissions:
United States – Economic analysis of methane emission reduction opportunities in the U.S. onshore oil and natural gas industries
Canada – Economic analysis of methane emission reduction opportunities in the Canadian oil and natural gas industries
Mexico – Economic analysis of methane emission reduction opportunities in the Mexican oil and natural gas industries
An emerging industry sector keeping natural gas in the pipeline
In addition, EDF commissioned a report that shows how tackling methane emissions not only produces cleaner air, but creates high-quality jobs in a growing domestic manufacturing and service sector. The report by Datu Consulting identifies 76 companies nationwide that manufacture, sell and support the proven and cost-effective methane control technologies that are available today to tackle emissions.
Many companies stand ready to provide the innovative technologies necessary to reduce methane emissions. As this industry grows, so will opportunities for well-paid, highly-skilled engineering, electrician and machinist jobs.