Shale Gas Drillers Can Now Trade Credits for Low Methane Release

Shale gas drillers can now trade credits for curbing emissions of one of the most potent agents of global warming. Methane emissions of just 0.1% or less during natural gas production will earn explorers Methane Performance Certificates under an an electronic credits system launched by Xpansiv and S&P Global Platts.

The first MPC will be transferred between Pacific Canbriam Energy and industrial gas customer Skeena Bioenergy Ltd, a manufacturer of wood pellets. On Oct. 15, Platts assessed MPCs at $6.29 per metric ton of CO2 equivalent.