Greenhouse gas (GHG) emissions are one of the primary causes of rising global warming, and the oil and gas industry accounts for one-third of global emissions, both directly and indirectly. A substantial amount of greenhouse gases emitted by burning oil, fossil fuels, and other sources include CO2, methane, and NOx. As corporate GHG emissions have increased, it has become increasingly important for key contributing industries to track greenhouse gas emissions throughout their operations.
Petroleos Mexicanos (Pemex) is a state-owned integrated oil and gas company based in Mexico. Total GHG emissions (Scope 1+2) reported by the oil & gas company were around 60 million tonnes CO2 equivalents (MtCO2eq) in 2020, which was increased by 12.3% from 2019. The oil and gas company is obliged to take steps to reduce the environmental impact of its operations in alignment with the sustainable development goals (SDGs).
Scope 1,2, and 3 emissions are the three categories of GHG emissions. Direct GHG emissions from sources owned or controlled by the corporation are referred to as Scope 1 emissions. GHG emissions from the company's purchased or acquired energy, steam, heat, and cooling are included in Scope 2 (Indirect GHG emissions). Scope 3 refers to the company's other indirect emissions, which arise from sources that the company does not own or control.
Scope 3 emissions form the major portion of Pemex’s total GHG emissions, accounting for around 480.54 MtCO2eq (88.9%) of total GHG emissions in 2020. The company’s Scope 1 emissions have increased to around 60 MtCO2eq and Scope 2 emissions have decreased to 0.6 MtCO2eq in 2020.
Pemex is working on reducing greenhouse gas emissions by enhancing the efficiency of operational activities. According to Mexico's climate change legislation, oil & gas companies must reduce hydrocarbon emissions by 14% by 2030.
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