Can Oil and Gas Companies Set SBTi Targets? Not at the Moment
SBTi is not validating fossil fuel company targets and paused its oil and gas standard in April 2025. Who is excluded, who is not, and what to do meanwhile.
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Practitioner perspectives on regulatory developments, methodology questions, and the issues we see most often in client work, written by senior team members actively delivering engagements across the Gulf.
SBTi is not validating fossil fuel company targets and paused its oil and gas standard in April 2025. Who is excluded, who is not, and what to do meanwhile.
Regulation (EU) 2024/1787 reaches past the EU border to the producers who supply it. From 1 January 2027, supply contracts need MRV equivalent to the EU regime.
The UAE sells LNG into Europe, hosted the charter that set a near-zero methane goal, and its national oil company already holds OGMP Gold Standard. What that leaves to do.
The obligation sits on the EU importer, but it bites on the producer. Who is caught, who is not, and why a contract renewal counts as much as a new contract.
Levels 1 to 3 are desk work on published factors. Level 4 and 5 need physical measurement, and the reconciliation between them is the part most programmes underestimate.
OGMP 2.0 is the only measurement-based international methane reporting framework. The five levels, the jump that costs real money, and the six ways Gold Standard is lost.
A new OGMP 2.0 member can hold a recognised status in year one, before any measurement campaign completes. What Pathway requires, and why it matters against a 2027 deadline.
The European Commission names OGMP 2.0 Level 5 plus verification as a route to import equivalence. Level 5 is the hardest of the five levels, and membership does not reach it.
Why methane matters more than its volume suggests, what OGMP 2.0 is, and how its five reporting levels move a company from published averages to measured reality.
A plain explanation of Regulation (EU) 2024/1787: what it covers, why methane is treated separately from CO2, and why a rule made in Brussels reaches producers in the Gulf.
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