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Public Comment Draft — Calculating and Reporting the Potential GHG Emissions from Fossil Fuel Reserves

Recommended Methodology

This draft methodology is now available for public comment through March 13, 2015. We welcome feedback from any interested party and request that feedback be submitted through an online survey.

A summary of all feedback received, together with how this feedback has been incorporated into a next draft of the methodology, will be published in July, 2015.

Key Findings

Objectives and Target Audience

Objectives:

  • Promote the transparent and consistent disclosure of the potential emissions from coal and petroleum reserves; and

  • Enable meaningful comparisons of performance, both within and across companies.

Target audience:

  • Fossil fuel companies needing to respond to stakeholder requests for disclosure;

  • Civil society asking for greater transparency around the GHG impacts of the fossil fuel industry

  • Policy makers seeking to understand the importance of the coal and petroleum industries in terms of projected GHG emissions and (sub)national reduction targets; and

  • Stock market listing authorities seeking to require fossil fuel companies to report potential emissions data in annual reports and/or listing prospectuses.

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