Wentworth seeks carbon credits
Tanzania-focused Wentworth Resources said on November 19 it had entered into a memorandum of understanding with commodities trader Vitol on the supply of carbon credits to help offset emissions from its operations in Mnazi Bay.
The pair will develop "community-focused" carbon credit programmes in Tanzania, and Wentworth has committed to off-taking a portion of them between 2022 and 2030. Wentworth hopes to offset all its Scope 1 and 2 emissions, and some of its Scope 3 emissions, from 2022, it said.
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All credits will be registered with international accreditation bodies such as VERRA and Gold Standard, and the carbon offsetting programmes and emissions reporting will be independently audited from 2022, Wentworth said.
"Our gas plays a critical role in addressing the energy access gap in Tanzania, but we must endeavour to do more to mitigate the impacts from fossil fuels," CEO Katherine Roe said. "Whilst investments are made to achieve a global net zero ambition, we must be responsible in playing our part to offset the negative impacts from our production right now."
Wentworth is a minority shareholder in the Mnazi Bay development area, comprising 756 km2 of acreage. Gas from the site is pumped into the national grid. Roe said Wentworth would work with the project operator Maurel et Prom to reduce emissions "but in the interim we do not want to be complacent."