Scoop: Oil producer EOG Resources commits to methane target

HOUSTON — Facing investor pressure, one of America’s biggest oil producers has committed to setting targets to reduce emissions of methane, a potent greenhouse gas, from its oil and gas wells.

Why it matters: The move by Houston-based EOG Resources represents the latest in a growing trend of oil companies working with investors on increasing transparency and commitment to addressing climate change.

The big picture: Annual shareholder meetings are becoming an alternative battleground between big companies and climate change as government policy on the matter retreats under President Trump. It's a hot topic here at the annual CERAWeek conference by IHS Markit, where executives of the world's oil and other energy companies have gathered.