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Cairn Oil & Gas becomes India's first to join UN's Methane Reduction Initiative.

National | Dated: 15 Nov 2024

Cairn Oil & Gas, a Vedanta Group co., has become the 1st oil & gas producer in India to join UNEP's Oil & Gas Methane Partnership (OGMP) 2.0 after signing MoU with UNEP in Abu Dhabi, UAE.

🎯 Key Highlights:

  • - This initiative announced on Nov 4, 2024, aims to address methane emissions in the oil & gas sector, aligning with global climate change efforts.
  • - The partnership aligns with Cairn's goal to decarbonize ops, aiming for Net Zero Carbon by 2030.
  • - Under the MoU, Cairn will set a 5-year target to reduce methane emissions & will transparently report progress.

💡 Other Important Facts:

  • (i) The OGMP 2.0 initiative covers over 40% of global oil & gas production, providing a framework for MRV of methane emissions.
  • (ii) This collaboration will contribute to the Global Methane Pledge's broader goal of a 30% reduction in global methane emissions by 2030.

📚 Test Your Knowledge:

Recently, which Indian company became the first to join the UN's Methane Reduction Initiative?

Correct Answer: Cairn Oil & Gas

🚀 Quick Recap:

About Cairn Oil & Gas

  • CEO : Ajay Dixit
  • Headquarter : Gurgaon (Haryana)