Downstream energy company Marathon Petroleum Corporation announced today an expansion of its climate goals to now encompass some scope 3 emissions or those outside of its direct control, derived from the use of its products.
Scope 3 emissions typically represent the vast majority of oil and gas companies’ climate impact. Marathon reported its scope 3 emissions for the first-time last year, in its annual “Perspectives on Climate-Related Scenarios” report, revealing that its Scope 3 Use of Sold Products emissions in 2020 were 352 million tonnes compared to 31 million tonnes CO2e combined for scope 1 and 2.
Marathon’s current emissions goals include targets to reduce scope 1 and 2 emissions intensity by 30% by 2030, on a 2014 base. The company’s new goal adds a commitment to cut absolute Scope 3 – Use of Sold Products greenhouse gas (GHG) emissions by 15% by 2030 below 2019 levels, for products manufactured at the company’s refineries.
Michael J. Hennigan, MPC President, and Chief Executive Officer, said:
“Our Scope 3 reduction target is part of our commitment to continuously improve our Environmental criteria consider how a company performs as a steward of nature. performance while meeting society’s energy needs sustainably. As the energy industry evolves, we are positioning ourselves to continue delivering positive results in an energy-diverse future.”
Additionally, Marathon stated that MPLX, the diversified limited partnership formed by the company has established a new 2030 target to reduce methane emissions intensity from its natural gas gathering and processing operations by 75% below 2016 levels. MPLX owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services.
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