Energy

Top oil companies pledge 20% cut in methane emissions by 2025

Executives at OGCI panel
Press conference at the Oil and Gas Climate Initiative (OGCI) in Paris. Photo: Eric Piermont/AFP/Getty Images

The Oil and Gas Climate Initiative (OGCI), a group of top oil companies that now includes ExxonMobil and Chevron, has committed to a 20% cut in methane emissions by 2025, reports Reuters.

Why it matters: Per the Environmental Defense Fund, methane is 84 times more potent than carbon dioxide as a heat-trapping gas in the first two decades of its release. The announcement by OGCI is another sign of how America’s biggest oil companies, under pressure from investors and lawsuits, are joining most other U.S. corporations in working to reduce greenhouse gas emissions.

The only nuclear power project in the U.S. ponders its fate

Nuclear power plant
Vogtle, Georgia's two-unit nuclear power plant. Photo: Pallava Bagla/Corbis via Getty Images

Owners of a troubled, over-budget nuclear power project in Georgia will decide today whether to cancel the ongoing construction of two new reactors.

Why it matters: The expansion of Southern Company's Vogtle site is the only nuclear power project underway in the country. Its demise would be a major blow to the industry that has seen hopes for a U.S. renaissance fade.