NET 0 Tracker

Additional notes: "Announced a goal for 2025 to reduce GHG intensity by more than 50% relative to a 2019 baseline. We identified multiple operational and design solutions to achieve this goal, including but not limited to continued replacement of instrument gas pneumatic controllers with lower or non-emitting technologies, connecting additional sites to utility power where feasible and investing in soil carbon sequestration to offset emissions." "One example of a beneficial collaboration is our support for soil carbon sequestration by funding a credit development project with Grassroots Carbon, formerly Soil Value Exchange. The organization is focused on unlocking the massive carbon storage potential of sustainably grazed pasture and rangelands, which cover over one third of the U.S. and represent an important ecosystem. Marathon Oil’s purchase of verified agricultural soil carbon storage credits through Grassroots Carbon will directly benefit U.S. ranchers who practice regenerative grazing techniques that draw carbon from the atmosphere and restore soil health. This method has the additional benefits of preserving or improving local biodiversity, the soil’s water retention in arid regions, and the quality of water in the watersheds where it’s utilized. Marathon Oil is interested in using high-quality nature-based carbon credits where they make sense. The Grassroots Carbon credits will be certified under the new BCarbon standard, a scalable soil carbon storage standard designed to work for landowners and carbon storage buyers. In order to deliver soil carbon storage credits of the highest quality, Grassroots Carbon will utilize an internationally-recognized soil measurement methodology as well as BCarbon’s independent verification and certification requirements."