In this episode, Thomas Fox, the founder of Highwood Emissions Management, describes a brand new methane intensity calculation standard called Veritas. The proposed standard, called "Veritas: a GTI (Gas Technology Institute) Gas Measurement & Verification Initiative" was co-developed by natural gas producers, non-profits, and academics to replace the current formula-based calculations with actual calculations of methane intensity. The goal of Veritas is to have their methane intensity methodology adopted by various voluntary & regulatory groups including RSG standards. EPA, and other regulators. In this episode, Thomas details:
- What problems the new methane intensity measurement methodology aims to fix.
- The benefits of adopting this new methodology vs. the current methane intensity formulas from NGSI & others.
- The organizations behind the proposed standard.
- How the standard fits into the oil & gas ecosystem.
- The approximate adoption timeline of the new standard.
If adopted, this proposed methane intensity methodology will impact every oil & gas producer.
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