FINDLAY, Ohio—Marathon Petroleum, the Ohio-based integrated, downstream energy company, has announced a companywide goal to reduce its greenhouse gas (GHG) emissions per barrel of oil equivalent (BOE) processed to 30% below 2014 levels by 2030.
The company has linked achievement of the goal to its executive compensation program and certain employee programs.
"Marathon Petroleum has long been a leader in reducing its GHG emissions intensity, and due to our culture of continual improvement and responsiveness to stakeholder concerns, setting a goal and linking further reduction achievements to our compensation is a logical progression," said Gary R. Heminger, chairman and CEO, Marathon. "We have added GHG emissions intensity reduction as one of our sustainability metrics for 2020, along with environmental incidents, safety performance, and process safety."
The company’s GHG emissions intensity reductions encompass Scope 1, defined as direct emissions from its operations, including refineries, trucks, compressors and other equipment, as well as Scope 2, which are indirect emissions resulting from the electricity and steam used to support Marathon’s business activities.
These GHG emissions reductions will be measured per BOE because the company uses a variety of feedstocks, including crude oil, natural gas and renewable feedstocks. BOE is a unit of measure defined by the U.S. federal government, and it allows these different throughputs to be measured on a common basis.
The 2030 goal builds upon the company’s business strategy featured in its “Perspectives on Climate-Related Scenarios” report, which has lowered Marathon’s GHG emissions intensity by about 20% over the past five years. Additional Marathon focus areas include an expanded energy efficiency program, reduced methane emissions and an increased use of renewable energy. The company is committed to reassessing this goal as achievements toward GHG emissions intensity reductions are realized.