IPIECA-IOGP launch the second edition of 'Environmental management in the upstream oil and gas industry'. Company members contribute to IPIECAs budget according to an individually agreed percentage based on the volume of crude oil produced and petroleum products sold by each company and the number of geographical areas where the company has interests. The oil and gas industry has been an early adopter of methodologies to account for and report greenhouse gas emissions, developing the first sector guidance back in 2004 (IPIECA corporate GHG guidelines 2004). Understanding the sources and quantity of emissions is crucial to enable the industry to tackle the most significant emission sources. An IPIECA Guide to Social Impact Assessment in the Oil and Gas Industry, 2004 (PDF, 927KB) Download: Report Series Vol. IPIECA's mission is to assist "the oil and gas industry improve its environmental and social performance". The original edition of this publication, Petroleum Industry Guidelines for Reporting Greenhouse Gas Emissions(referred to as the Guidelines) was issued in December 2003 to fulfil the need for industry guidance focused specifically on the accounting and reporting of GHG emissions at the facility through to the corporate level.

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