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Cairn Oil & Gas joins UN’s Methane Reduction Initiative, 1st in India

Published on November 15, 2024
Current Context: Cairn Oil & Gas, a Vedanta Group company, has become the first Indian oil and gas producer to join the United Nations Environment Programme's (UNEP) Oil & Gas Methane Partnership (OGMP) 2.0.
Cairn Oil & Gas joins UN’s Methane Reduction Initiative, 1st in India
  • This initiative, signed on November 4, 2024, in Abu Dhabi, requires Cairn to set a five-year methane reduction target and report its progress transparently.
  • The partnership aligns with Cairn's commitment to achieving net-zero carbon emissions by 2030.
  • Key Points:
    • Methane Reduction Target: Cairn will establish a five-year target to reduce methane emissions.
    • Transparent Reporting: Progress will be reported to OGMP, ensuring accountability and transparency.
    • Global Impact: OGMP 2.0 covers over 40% of global oil and gas production, aiming to reduce methane emissions by 30% by 2030.
    • Environmental Commitment: Cairn has already reduced potential gas flaring volume by 60% over the past four years.

Question:

1 Which company has become the first Indian oil and gas producer to join the United Nations Environment Programme's (UNEP) Oil & Gas Methane Partnership (OGMP) 2.0?

  • A) Reliance Industries
  • B) Oil and Natural Gas Corporation (ONGC)
  • C) Cairn Oil & Gas, Vedanta Group
  • D) Indian Oil Corporation
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