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Shale Drillers Need to Speed Up Climate Pledges, Kimmeridge Says

More US producers should set net-zero targets, according to the investor

More US shale producers should aim for net-zero emissions, while drillers that have already made climate pledges need to set more aggressive timelines to reach their goals, according to investor Kimmeridge Energy Management

The US oil industry should push to eliminate carbon emissions by 2030 and offer more consistent data for easier comparison among companies, Kimmeridge said Thursday in a white paper. The firm counted 13 oil and natural gas explorers that have established net-zero targets, with varying definitions and timelines ranging from now to 2050, according to the report.