USD 59.1321

-0.82

EUR 59.3934

-1.5

BRENT 96.09

+0.45

AI-95 51.03

+0.02

AI-98 61.13

+0.26

Diesel 54.3

+0.03

471

Carbon footprint

A carbon footprint is the total greenhouse gas (GHG) emissions caused directly and indirectly by an individual, organization, event or product

Carbon footprint

Global climate change caused by the accumulation of greenhouse gases of anthropogenic origin in the atmosphere is actually one of the most acute problems.
At the same time, oil and gas industry is one of the largest emitters of carbon dioxide.

Throughout a product’s lifetime or lifecycle, different GHGs may be emitted, such as carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O), each with a greater or lesser ability to trap heat in the atmosphere.

These differences are accounted for by the global warming potential of each gas, resulting in a carbon footprint in units of mass of carbon dioxide equivalents (CO2e).

The oil and gas industry is striving to minimize its own emissions as well as those from the entire life cycle of its products.
Typically, these fall into the following types of categories:
  • Eliminate methane leaks, flaring and venting
  • Scale up carbon capture usage and storage (CCUS) development and deployment
  • Switch fuel and improve energy efficiency of operations
  • Utilize lower-carbon feedstocks to offer low-carbon products
  • Collaborate across the supply chain
  • Build capacities to measure emissions granularly
The average carbon footprint for a person in the United States is 16 tons, one of the highest rates in the world.
Globally, the average carbon footprint is closer to 4 tons.

To have the best chance of avoiding a 2℃ rise in global temperatures, the average global carbon footprint per year needs to drop to under 2 tons by 2050.