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[$$] Oil Majors Pledge to Cut Methane Emissions

A coalition of the world’s biggest oil companies promised Monday to reduce methane emissions from natural gas extraction—part of an effort to shore up the climate credentials of the hydrocarbon. The Oil and Gas Climate Initiative, an industry group that counts oil giants like Exxon Mobil Corp., Royal Dutch Shell PLC and Saudi Arabia’s state oil giant, Aramco, among its members, said it would target reducing methane emissions to less than 0.25% of the total natural gas the group of 13 member companies produces by 2025.