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Australian oil and gas company Cooper Energy first goes net zero

Cooper Energy will be Australia’s first oil and gas company to completely offset greenhouse gas emissions, offsetting 10,022 tons this year.

The company, which supplies about 12% of Victoria’s gas from offshore wells, invests in a planting project in Coulomb, southeast of Adelaide at the mouth of the Murray River, to generate emissions from the production process. To offset.

Cooper Energy’s only gas project off the coast of Victoria.

The project is managed by Biodiverse Carbon, Greening Australia’s carbon trading arm, to restore native vegetation and increase the habitat of endangered species of stag beetle and migratory birds.

The plan does not include Cooper Energy’s so-called “Scope 3” emissions. This is the emissions generated by using the oil and gas that customers sell, but Managing Director David Maxwell said he promised to investigate with customers how the company could reduce it. I did. Their emissions over the next few years.

Australian oil and gas company Cooper Energy first goes net zero

Source link Australian oil and gas company Cooper Energy first goes net zero

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