The American Petroleum Institute (API) has updated its 20-year-old “foundational reference” for oil and natural gas operators to use in reporting greenhouse gas (GHG) emissions

The newly unveiled fourth edition of the Compendium of GHG Emissions Methodologies for the Natural Gas and Oil Industry includes expanded methodologies for liquefied natural gas, as well as carbon capture, utilization and storage. Moreover, the industry trade association said the revised resource includes a climate-related reporting template initially unveiled earlier this year.

Where Does COP26 Fit In?

API’s Stephen Comstock, vice president of Corporate Policy, used the United Nations(UN) 26th Conference of the Parties, or COP26, as a backdrop for the latest reporting reference, first published...