External engagement is important to be able to understand the issues and challenges relating to climate and the evolution of policy development.
Current actions include:
- Developing methane and shale development communications.
- Taking part in global legislation and regulation development.
- Engaging with stakeholders, including investors, on climate-related risks.
We are members or sponsors of a number of external groups, which support our efforts to manage climate-related risks.
The API GHG Group addresses climate change issues affecting the U.S. oil and natural gas industry. The group oversees issues such as the development of the API Compendium methodology for estimating oil and gas industry greenhouse gas emissions and has recently taken part in the development of the overview of methodologies for estimating petroleum industry value chain greenhouse gas emissions. We are active in many API committees that can also involve or address climate-related issues, and we work to contribute our perspective in alignment with our positions and actions.
IPIECA established its Climate Change Working Group in 1988. Since then, the group has monitored the climate science and policy discussions, engaging with international governmental bodies and other stakeholders. It is not an advocacy body. It now also focuses on providing best practice guidance on GHG emissions monitoring, reporting and management to improve industry performance.
IPIECA participates in the Intergovernmental Panel on Climate Change (IPCC) and the United Nations Framework Convention on Climate Change (UNFCCC), and provides IPIECA members with reliable and timely information about these and other international process dealing with climate change.
We are sponsors of the MIT — Joint Program on the Science and Policy of Global Change program which supports efforts to:
- Improve knowledge of interactions among human and natural Earth systems, with a focus on climate and energy, and of the forces that drive global change.
- Prepare quantitative analyses of global change risk and its social and environmental consequences.
- Provide independent assessments of potential responses to global risks, through emissions mitigation and anticipatory adaptation, contributing to improved understanding of these issues among other analysis groups, policymaking communities and the public.
- Augment the pool of people needed for work in this area by the education of graduate and undergraduate students in relevant disciplines of economic and Earth science analysis and methods of policy assessment.
An interdisciplinary team of natural scientists, social scientists and policy analysts supports this mission, with their efforts coordinated through the maintenance and application of a set of analytical frameworks that integrate the various components of global system change and potential policy response.
IHS Markit hosts forums where member companies can discuss global climate change and clean energy research and its implications for policy. They provide a wide range of research products to ensure that members are up to date with current developments around the world.
Additionally, we have worked with the following groups:
- International Oil and Gas Producers Association (IOGP)
- U.S. Business Council for Sustainable Development (USBCSD)
- Socially Responsible Investors (SRIs)
- Nongovernmental Organizations (NGOs)
We are a founding member of Canada’s Oil Sands Innovation Alliance (COSIA), a group of oil sands producers focused on accelerating the pace of improvement in environmental performance in Canada’s oil sands through collaborative action and innovation. COSIA member companies, led by ConocoPhillips Canada, partnered with NRG Energy, a leading integrated power company in the U.S., to establish a Carbon XPRIZE which challenges the world to reimagine what can be done with carbon dioxide (CO2) emissions by incentivizing and accelerating the development of technologies that convert CO2 from fossil fuel combustion into valuable products.