Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act required that oil, natural gas and mineral extraction companies report payments made to foreign governments. Congress and President Trump eliminated it last week.
A new WRI methodology enables fossil fuel companies to measure and disclose their upstream emissions, an increasingly scrutinized factor for investors and regulators.
At a Senate confirmation hearing, former Texas Gov. Rick Perry, President Trump's choice to be Energy Secretary, showed a limited grasp of the relationship between fossil fuels and climate change, and did not make the connection to the need to transition to a low-carbon energy system.
At his Senate confirmation hearing, Rex Tillerson, the former CEO of ExxonMobil who has been nominated as the next secretary of State, provided measured and carefully crafted answers, but did little to reassure the American public that he would lead on climate change.
Last year brought huge political shocks to the environment and development communities. During WRI’s Annual Stories to Watch event, Andrew Steer highlighted how these trends may affect U.S. and international climate policy, business and investment, global energy markets and more this year.
Not a single fossil fuel company in the world discloses potential emissions from their reserves of oil, gas and coal – and that is a big problem.
A Recommended Methodology for Estimating and Reporting the Potential Greenhouse Gas Emissions from Fossil Fuel Reserves
This working paper outlines a recommended methodology for estimating and reporting the potential emissions from fossil fuel reserves held by coal, oil, and gas companies. The overall goal is the availability of transparent, credible, and consistent data on potential emissions that help...
Although the burning of fossil fuels generates most of the potential emissions from most reserves, emissions from production and processing operations (known as “upstream emissions”) can also be important, depending on the reserve type and technologies used.
WASHINGTON (January 12, 2016)- President Obama delivered his final State of the Union address, which included combating climate change and hinted at additional actions the U.S. can take.
Following is a statement from Andrew Steer, President & CEO, World Resources Institute:
If we want the public to understand whether the billions of dollars spent on fuel subsidies are the best use of their taxes, we need better, more transparent data on how much countries are spending.