- 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