First Eagle Investment's Mimi Mayaki and Wespath’s Lucas Schoeppner joined The Energy Council in visiting an EQT Corporation’s natural gas wellsite in Southwestern Pennsylvania in 2023 to discuss methane tracking and emissions reduction, among other things.
After Wespath engagement, Chevron joins partnership to cut methane emissions When Wespath and other Climate Action 100+ investors met with Chevron in January 2024, the investors once again urged Chevron to join the world’s premier program for oil and gas companies to measure, report and mitigate methane emissions. Wespath had been calling on Chevron to join the program, the Oil & Gas Methane Partnership 2.0 (OGMP 2.0), for several years. At the end of the first quarter in 2024, Chevron announced it would do just that. Chevron’s decision to join OGMP 2.0, which is operated by the United Nations Environment Programme, means the three largest U.S. oil and gas producers—ExxonMobil, Chevron and ConocoPhillips—are now members of OGMP 2.0. Wespath also contributed to engagements that urged ExxonMobil and ConocoPhillips to join OGMP 2.0. Lucas Schoeppner, Wespath’s Director of Sustainable Investment Stewardship, said that in his opinion, the methane initiative has reached a tipping point with Chevron joining OGMP 2.0. 22
“Them joining and maybe being a little bit more of a skeptical voice of the structures as they are, is probably something that’s going to make that particular initiative even stronger,” Schoeppner said.
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Them joining and maybe being a little bit more of a skeptical voice of the structures as they are, is probably something that’s going to make that particular initiative even stronger. Wespath’s Lucas Schoeppner said
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