Abstract
After two weeks of climate negotiations in Glasgow, the 2021 U.N. Climate Change Conference of the Parties (COP26) concluded successfully. Representatives of nearly 200 nations agreed to well over 50 decisions (some of which have been pending since COP24), keeping the implementation of the Paris Agreement alive. The COP26 was also marked by a series of surprise announcements, including national net-zero pledges and promises to end deforestation. One of the surprise pledges that may have implications for the oil and gas industry is the Global Methane Pledge, which sets a global goal to slash methane emissions by 30% by 2030 from 2020 levels.
