Energy Efficiency, GHG Emissions - August 4, 2022
Murphy Oil Lowers Emissions
Murphy Oil Corporation announced the company reduced GHG emissions intensity by 20%, reduced methane intensity by 28% and reduced flaring intensity by 49% from 2019 to 2021.
Details were provided in its 2022 Sustainability Report.
The oil company also augmented the Board of Directors’ oversight of ESG-focused responsibilities through committee charter enhancements, earned third-party assurance of GHG Scope 1 and 2 absolute data for the second consecutive year and improved accountability by adding GHG emissions intensity metric to the annual incentive plan.
“The 2022 report highlights our team’s keen focus on advancing our sustainability efforts. Our priorities target the issues that are most relevant to and controllable by our company – items such as clean water and air and supporting our people and the communities where we operate and live – while maintaining strong governance oversight. In addition, we have enhanced the ESG metric component of our annual incentive plan to now include an emissions intensity reduction target,” said Roger W. Jenkins, CEO in a statement.