Energy Tomorrow Blog
API Releases New Sustainability Reporting Guidance with International Community to Promote Environmental Progress
Posted March 30, 2020
Industry-led efforts to reduce greenhouse gas emissions are a key contribution to global climate solutions, and when companies transparently report their performance, it reflects their commitment to ongoing advances in sustainability. The natural gas and oil industry pioneered industry-wide guidance for sustainability reporting 15 years ago, and for decades now, has delivered detailed performance information for stakeholders, including regulators, investors and the general public.
Today, three leading global natural gas and oil industry associations – API, IPIECA and IOGP – released the fourth edition of the “Sustainability Reporting Guidance for the Oil and Gas industry,” which provides a consensus framework for company reporting on sustainability topics in governance and business ethics; climate change; environment; safety, health and security; and social impacts.
Posted March 19, 2018
By now you may have seen our new ad, “Air Up Here,” highlighting the role natural gas has played in helping to lower U.S. carbon dioxide emissions to their lowest levels in nearly 25 years.
While the ad focuses on how the industry is helping reduce greenhouse gases in our air, you may not realize that every cut in the ad features consumer goods the industry makes possible or makes better. Take a look at the ad and see if you can identify all of the products – many of which you likely own – made from materials produced from natural gas and oil. Go ahead, we’ll wait.
Posted February 22, 2018
Posted February 8, 2018
Posted September 27, 2017
Our industry’s “social license to operate” – the broader public’s confidence that our companies’ work, operations and products serve society’s greater good – is based on a number of things, none more important this this:
These are our communities – where we work, live, play, learn and grow. We’re your neighbors. Our children go to school with your children. Our employees and their families care about where they work and live. Those are important reasons why safety, protecting the environment and public health, and giving back to communities are some of industry’s top priorities. All help sustain industry’s compact with other Americans to bring them energy in as safe and responsible a manner as possible.
Posted June 1, 2017
Today, API releases a new report that highlights the tangible ways our industry protects the safety and environment – as it also helps local communities. It’s an important document, reflecting the premium placed on responsible energy development by natural gas and oil companies. From the report:
The safety, health and protection of people, the environment and communities are the top priorities for the natural gas and oil industry. Today, natural gas and oil not only power our lives, but are the building blocks for so many of the products that make modern life possible. But this energy and the amazing things derived from it – everything from clothing and cosmetics to state-of-the-art health care devices and medicines – aren’t possible unless responsible development is the centerpiece of everything the industry does.
Posted April 20, 2017
Natural gas is a winner – for U.S. consumers, the economy and the environment. Quick, somebody tell officials in New York state – where they continue to ban hydraulic fracturing, the key to unlocking vast natural gas reserves located right under New Yorkers’ feet, to the benefit of New York consumers, New York job-seekers and New York’s environment.
Posted September 29, 2016
Protecting our habitats is something industry has championed for some time. Back in 1987, Occidental Petroleum came across a rare looking plant on one of its drilling sites in Colorado. The plant, later identified as the parachute penstemon, can only be found in Colorado and is considered one of the rarest plants in North America.
Posted September 15, 2016
Access to land and water is important to industry, but these are critical to the wildlife that live there, from birds and butterflies to all kinds of animal life. The use of modern hydraulic fracturing and horizontal drilling – which allows widespread oil and gas operations from a single surface well pad – is a big part of limiting industry’s footprint. So is understanding the local wildlife.
Posted September 29, 2015
U.S. oil and natural gas companies continue to lead in investing in the domestic economy, with five companies among the Progressive Policy Institute’s top 25 in 2014 U.S. capital expenditures.
ExxonMobil, Chevron, ConocoPhillips, Occidental Petroleum and Hess lead an energy production/mining sector that invested $43.6 billion in 2014, closely following the $48.7 invested by telecom/cable.
That’s great news for the U.S. economy which, as the PPI report details, needs investment to expand. PPI calls the top 25 its “investment heroes” because “their capital spending is helping to raise productivity and wages across the economy.”