What is the story about?
What's Happening?
GHGSat, a Canadian company specializing in greenhouse-gas monitoring, has partnered with ExxonMobil to monitor and mitigate methane emissions from onshore operations in North America and Asia. This collaboration, which began with field trials in 2020, involves GHGSat's satellite technology providing data to ExxonMobil's operations in the United States, Canada, Papua New Guinea, Indonesia, and other locations. GHGSat operates 13 satellites that monitor millions of industrial facilities annually. The partnership aims to integrate satellite data into ExxonMobil's methane monitoring system, enhancing their ability to track and reduce emissions.
Why It's Important?
Methane is a potent greenhouse gas, and its reduction is crucial for environmental sustainability. ExxonMobil's partnership with GHGSat represents a significant advancement in using satellite technology for environmental monitoring. This collaboration not only helps ExxonMobil achieve its emission reduction goals but also sets a precedent for other industries to adopt similar technologies. By leveraging GHGSat's satellite data, ExxonMobil can enhance its methane monitoring capabilities, potentially leading to more effective mitigation strategies and contributing to global efforts to combat climate change.
What's Next?
ExxonMobil plans to integrate GHGSat's satellite data into its Center for Operations and Methane Emissions Tracking, located in Texas. This integration will inform ExxonMobil's mitigation strategies and actions, supporting its goal to reduce methane emissions by 70 to 80 percent from 2016 levels by 2030. The partnership may also encourage other companies to adopt satellite monitoring technologies, potentially leading to broader industry changes in environmental management practices.
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