Net Zero Industry Tracker 2024 Oil and Gas
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549. International Energy Agency (IEA). (n.d.). CCUS Projects Explorer. https://www.iea.org/data-and-statistics/data-tools/
ccus-projects-explorer .
550. Ibid.
551. The CCUS Hub. (n.d.). Home. https://ccushub.ogci.com/.
552. Accenture analysis based on IEA.
553. Ibid.
554. Ibid.
555. International Energy Agency (IEA). (2021). The Oil and Gas Industry in Net Zero Transitions.
https://iea.blob.core.windows.net/assets/7a4b0c4e-d78c-4a8e-998c-6cde10a4e49b/TheOilandGasIndustryinNetZero
Transitions.pdf.
556. Ibid.
557. Chevron. (2024). Innovation fuels lower carbon, record production. https://www.chevron.com/newsroom/2024/q1/
innovation-fuels-lower-carbon-record-production.
558. Accenture analysis based on data from IEA and EIA.
559. National Bureau of Economic Research. (n.d.). Commodity Trade Matters. https://www.nber.org/system/files/working_
papers/w24965/w24965.pdf.
560. Energy Institute. (n.d.). Statistical Review of World Energy. https://www.energyinst.org/statistical-review .
561. Ibid.
562. Statista. (n.d.). Average CO2 emissions from oil production by country. https://www.statista.com/statistics/1454500/
average-co2-emissions-from-oil-production-by-country/#:~:text=Norway’s%20average%20carbon%20dioxide%20
(CO%E2%82%82,equivalent%20(kgCO%E2%82%82eq%2Fboe).
563. Accenture analysis based on IEA.
564. Ibid.
565. International Energy Agency (IEA). (2021). The Oil and Gas Industry in Net Zero Transitions. https://iea.blob.core.windows.
net/assets/7a4b0c4e-d78c-4a8e-998c-6cde10a4e49b/TheOilandGasIndustryinNetZeroTransitions.pdf.
566. CSImarket.com. (n.d.). Oil And Gas Production Industry Profitability by quarter, Gross, Operating and Net Margin from
2 Q 2024. https://csimarket.com/Industry/industry_Profitability_Ratios.php?ind=602.
567. European Commission. (n.d.). EU Emissions Trading System (EU ETS). https://climate.ec.europa.eu/eu-action/eu-
emissions-trading-system-eu-ets_en.
568. RBC. (n.d.). Oil and Gas Policies and Actions Towards Net Zero. https://www.rbc.com/climate-action-institute/climate-
action-24/oil-and-gas.html.
569. International Energy Agency (IEA). (n.d.). Guidelines for management of fugitive methane and greenhouse gases emissions
in the upstream oil and gas operations in Nigeria. https://www.iea.org/policies/16952-guidelines-for-management-of-
fugitive-methane-and-greenhouse-gases-emissions-in-the-upstream-oil-and-gas-operations-in-nigeria.
570. International Energy Agency (IEA). (n.d.). Inflation Reduction Act 2022: Sec. 60113 and Sec. 50263 on Methane Emissions
Reductions. https://www.iea.org/policies/16317-inflation-reduction-act-2022-sec-60113-and-sec-50263-on-methane-
emissions-reductions.
571. Bipartisan Policy Center. (2022). Inflation Reduction Act Summary: Energy and Climate Provisions.
https://bipartisanpolicy.org/blog/inflation-reduction-act-summary-energy-climate-provisions/.
572. Climate and Clean Air Coalition. (n.d.). National Methane Action Plans. https://www.ccacoalition.org/resources/national-
methane-action-plans.
573. International Energy Agency (IEA). (2023). Emissions from Oil and Gas Operations in Net Zero
Transitions. https://iea.blob.core.windows.net/assets/2f65984e-73ee-40ba-a4d5-bb2e2c94cecb/
EmissionsfromOilandGasOperationinNetZeroTransitions.pdf.
574. The Global Environment Facility. (n.d.). PIF for GEF-10 FULL-SIZED PROJECT: Scaling Up Implementation of the Kigali
Amendment and Promoting HFC Alternatives in the Asia-Pacific Region. https://www.thegef.org/sites/default/files/web-
documents/10121_PIF.pdf.
575. International Group of Liquefied Natural Gas Importers. (2021). GIIGNL releases MRV and GHG Neutral Framework.
https://giignl.org/giignl-releases-framework-for-transparent-emissions-reporting-and-neutrality-declarations/.
576. UAE Consensus. (n.d.). Oil & Gas Decarbonization Charter launched to accelerate climate action. https://www.cop28.com/
en/news/2023/12/Oil-Gas-Decarbonization-Charter-launched-to--accelerate-climate-action.
577. International Energy Agency (IEA). (n.d.). PACE: UAE-U.S. Clean Energy Strategic Partnership. https://www.iea.org/
policies/17310-pace-uae-us-clean-energy-strategic-partnership.
578. International Energy Agency (IEA). (2022). Norway 2022. https://iea.blob.core.windows.net/assets/de28c6a6-8240-41d9-
9082-a5dd65d9f3eb/NORWAY2022.pdf.
579. U.S. Environmental Protection Agency. (2023). Methane Emissions Reduction Program. https://www.epa.gov/inflation-
reduction-act/methane-emissions-reduction-program.
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