Not only do methane leaks and flaring across the oil and gas sector warm the Earth 80 times more potently than carbon dioxide, they result in the loss of nearly 100 bcm of natural gas, translating to between $7 and $20 billion dollars in wasted value. Methane-emissions abatement is both a climate and economic imperative, which is why RMI models and reports on inefficiencies in the oil and gas industry with tools like the OCI+, that reveals the size, scope, and nature of the opportunity to prevent losing valuable gas and leaking methane.
RMI’s Deborah Gordon, lead OCI+ investigator, will be at Climate Week in New York City presenting on this panel hosted by the Harvard Initiative on Reducing Global Methane Emissions. Harvard faculty will present their recent research that estimates the cost of methane-emissions abatement strategies. Gordon will be representing her real-world experience working to detect and address these emissions in the oil and gas industry.
The OCI⁺ quantifies and compares greenhouse gas emissions intensities from global oil and gas assets. Use this web tool’s interactive features to see where methane and carbon dioxide are emitted and investigate ways to reduce energy waste and the life-cycle emissions intensities of production, refining and petrochemical processing, storage, transport, and end uses.