Skip to Content

50 oil and gas companies pledge to reduce methane emissions

(CNN, KYMA/KECY) - 50 major oil and gas companies have pledged to dramatically cut their methane emissions by the end of the decade.

The announcement was made Saturday at the COP28 Climate Change Conference in Dubai. Among the companies that announced they will reduce their methane emissions by around 80-to-90% include ExxonMobil and Saudi Arabia's Aramco.

That comes as the Biden administration also announced that it has finalized a rule to slash methane emissions by nearly 80% through 2038. The rule will be implemented by the Environmental Protection Agency (EPA) and it will crack down on methane leaks.

The new policies will end routine flaring of the natural gas that is produced by drilled oil wells. It will also require stringent leak monitoring of oil and gas wells and compressors.

The EPA estimates the new policies will stop about 58 million tons of methane from escaping into the atmosphere during that period.

That is the equivalent of taking more than 300 million gas-powered cars off the road for a year.

Article Topic Follows: Top Stories

Jump to comments ↓

CNN Newsource

Author Profile Photo

Dillon Fuhrman

If you have any story ideas, reach out to him at

Author Profile Photo

Jailene Aguilera

Jailene Aguilera joined KYMA in April 2023. She is the anchor/producer for CBS at 6 and 10 pm. If you have any story ideas, contact Jailene at


KYMA KECY is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content