Oklahoma City-based Devon Energy might be okay with emissions reductions on what are called Scopes 1 and 2 operations by 2030, but a company executive says it won’t extend the efforts to assets it does not own in its chain of energy facilities.
Devon’s chief operating officer Clay Gaspar told Argus it intends to phase out routine flaring by the end of the decade but it will not attempt greenhouse gas emissions reductions of its Scope 3 operations.
By definition, Scope 1 covers direct emissions from those sources owned or controlled by the company. Scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating and cooling used by Devon. Scope 3 covers all other indirect emissions in the company’s value chain.
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