Are oil majors serious about cutting emissions?

View on E&E News: Climatewire website

Date

March 25, 2019

News Type

Media Highlight

Source

E&E News: Climatewire

"The economic incentive for companies to reduce leaks, meanwhile, only goes so far. Small methane leaks can be expensive to plug but are still detrimental to climate, said Daniel Raimi, a senior researcher at Resources for the Future.

. . .

"Raimi described the dynamic like this: 'I have an economic incentive to pick up a penny on the ground, but it may not be worth my time. If it's a $10 bill, I'm going to pick it up. Companies have an incentive to reduce emissions, but they are only going to do it if it's profitable for them.'"

Topics

Industry and Fuels

Related People

Daniel Raimi

Fellow

Daniel Raimi is a fellow and director of the Equity in the Energy Transition Initiative at RFF. He works on a range of energy policy issues with a focus on tools to enable an equitable energy transition.

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