A Colorado-based non-profit environmental organization teamed up with multiple leaders in the Permian Basin oil and gas industry to better track emissions from fossil fuel facilities to curb pollution and its impact on climate change.
The Rocky Mountain Institute partnered with Spherical Analytics to create the Climate Action Engine, a digital platform that will offer emissions data in the Permian intended to inform the planning process as oil and gas companies seek to reduce their environmental impacts.
Production, transportation or use of oil and gas products account for about half of global energy-related emissions, read a news release from the Institute, and about 84 million tons per year of methane emissions can be “directly” attributed to fossil fuel production.
That’s why tracking such emissions became more important in recent years, the release read, and the platform was intended to help companies meet reduction targets for greenhouse gas emissions and invest more in efforts to curb the effects of climate change.
It would use data from satellites, aircraft, monitoring station and industry reports to track emissions in the region, and would be gradually developed to operate across industry sectors, the release read.