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Diversified Metals
MoU4 Nov 2024, 04:23 pm

Cairn Joins UNEP’s OGMP 2.0, Strengthens Net Zero by 2030 Commitment

AI Summary

Cairn Oil & Gas, part of Vedanta Group, has signed a Memorandum of Understanding (MoU) with United Nations Environment Programme’s (UNEP) Oil & Gas Methane Partnership (OGMP) 2.0. This makes Cairn the first Oil & Gas producer in India to commit to effective reduction of methane emissions, further accelerating its efforts to decarbonise its operations. The partnership will enable Cairn to establish a 5-year methane reduction target and transparently report its progress to OGMP. This will help Cairn analyse its emission profiles and mitigate emissions cost-effectively. By joining OGMP 2.0, Cairn has set a new benchmark in India’s oil and gas industry for methane transparency and actively contributing to the nation’s environmental objectives.

Key Highlights

  • Cairn Oil & Gas becomes the first Oil & Gas producer in India to sign an MoU with UNEP’s OGMP 2.0
  • Cairn commits to effective reduction of methane emissions and decarbonisation of operations
  • Cairn to establish a 5-year methane reduction target and report progress to OGMP
  • Partnership will help Cairn analyse emission profiles and mitigate emissions cost-effectively
  • Cairn’s membership in OGMP 2.0 sets a new benchmark for methane transparency in India’s oil and gas industry
VEDL
Diversified Metals
Vedanta Limited

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