A new WRI methodology enables fossil fuel companies to measure and disclose their upstream emissions, an increasingly scrutinized factor for investors and regulators.
oil and gas
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 (MAY 12, 2016)— The U.S. Environmental Protection Agency finalized the first-ever federal standards for methane emissions from new and modified sources in the oil and natural gas sectors. Methane is a potent greenhouse gas pollutant, with up to 34 times more global warming potential than carbon dioxide, and it accounts for roughly one-quarter of human-made global warming. Methane valued at more than $1 billion escapes from oil and natural gas extraction processes in the U.S.
A new U.S.-Canada joint will cut methane emissions from oil and gas systems by 40-45 percent below 2012 levels by 2025. It's a big step toward meeting both countries' climate goals—methane is a greenhouse gas 34 times more potent than carbon dioxide.
Water scarcity challenges industries around the world. Global population growth and economic development suggest a future of increased demand, competition, and cost for limited freshwater supplies. Scarcer water, in turn, creates new challenges for energy supply because coal, oil, gas, and...
This bubble chart shows the water and energy intensity of various industries. The bubble size is proportional to revenue (2013 figures). Source: Bloomberg Terminal (accessed summer 2015).
If successful, the new international climate agreement forged in Paris will send strong signals to financial markets—and therefore to businesses and investors—about the direction of energy for the foreseeable future.
Potential emissions of oil and gas companies’ fossil fuel reserves could make or break whether the world stays within its "carbon budget."