New Year. New Administration.

As the political landscape transitions under a new administration and Congress, ConocoPhillips is charting a path forward for the role we play in the future of the natural gas and oil industry. While the Biden Administration has openly prioritized climate action as one of their top priorities, what too few people know is that it’s also a key concern of ConocoPhillips.

As a member of the ConocoPhillips government affairs team, I have a front-row seat to the company’s work with local, state and federal governments. I can attest to our commitment to working with the administration to improve environmental performance, while ensuring access to affordable, reliable and cleaner energy.

We understand the need to address climate issues to sustain a healthy environment for everyone. That’s why we developed our Climate Risk Framework in alignment with the Paris Agreement. It outlines how ConocoPhillips plans to deliver on our promise to reduce operational emissions and help pave the way for a low-carbon future for all of us.

Some of our stated goals include:

  • Setting an ambition to become a net-zero company for operational (scope 1 and 2) emissions by 2050.
  • Revising our previous operational greenhouse gas emissions intensity reduction target to 35-45% by 2030, from the earlier 5-15% goal. Endorsing the World Bank Zero Routine Flaring by 2030 initiative, with an ambition to meet that goal by 2025
  • A methane intensity reduction target.
  • Advocating for a U.S. carbon price to address end-use emissions through our membership in the Climate Leadership Council.

For our nation to emerge stronger and build back better from the COVID-19-related economic downturn, we must all work toward reasonable, informed policies that not only protect our environment but also strengthen our economy. Power in Cooperation members play an essential role in this effort.

Here’s how you can help:

  1. Do you know someone who may be surprised that an energy company is working toward Paris-aligned goals and has been for years? Share this article: ConocoPhillips Adopts Paris-Aligned Climate Risk Framework to Meet Net-Zero Operational Emissions Ambition by 2050
  2. Have you joined Power in Cooperation? It only takes a minute. Join now.
  3. Do you have an oil and gas question you’d like me to address? Email me at jd@powerincooperation.com.

To read the Energy Transition and Climate Risk Framework in its entirety, click here.

Now is the time to stay informed and engaged. Working together, we will support balanced policies that protect the environment and encourage economic recovery. It’s a tall order, and we know that cooperation – between nations, our industry, communities and policymakers at every level – will be essential to building a sustainable energy future.

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