Oil and gas firms hide climate impacts in investments

A new study shows that oil and gas companies often fail to report emissions from their investments, obscuring the true climate impact of their operations.

Mathilde Augustin reports for Inside Climate News.

In short:

Clarity AI found that accounting for investment-related emissions would increase the carbon footprint of the top 20 oil and gas companies by 24%.
The study highlights that 90% of the world's largest oil companies do not report emissions from joint ventures, complicating accurate climate risk assessment for investors.
Scope 3 emissions, which include emissions from a company's entire value chain, are 26 times greater than direct emissions, according to Boston Consulting Group.

Key quote:

"I'm a strong believer that traditionally, we have relied way too much on the data that companies are reporting."

— Patricia Pina, Clarity AI

Why this matters:

Accurate emissions reporting is crucial for investors to assess climate risks and make informed decisions. Without transparency, fossil fuel companies may not face enough pressure to transition to sustainable practices, delaying necessary action to combat climate change.

insideclimatenews.org

Oil and gas firms hide climate impacts in investments

Canada announces new methane emission standards for oil and gas sector

Here's the global playbook being used to crack down on climate protest

Greenpeace’s fight with pipeline giant exposes a legal loophole

Ultra-processed diets drive obesity and climate change — but solutions are within reach

India's Parliament approves bill to open civil nuclear power sector to private firms

The year the US doubled down on critical minerals

The brawl over the Colorado River is about more than water

Multiple Houston-area oil and gas facilities that have violated pollution laws are seeking permit renewals

One facility has emitted cancer-causing chemicals into waterways at levels up to 520% higher than legal limits.

Pennsylvania health advocates say Trump’s first 100 days in office have caused “100 harms” to local communities

“They're terrorizing these scientists because they want to keep them silent.”

Regulators are underestimating health impacts from air pollution: Study

"The reality is, we are not exposed to one chemical at a time.”

Two years into his term, has Gov. Shapiro kept his promises to regulate Pennsylvania’s fracking industry?

A new report assesses the administration’s progress and makes new recommendations

An open letter from EPA staff to the American public

“We cannot stand by and allow this to happen. We need to hold this administration accountable.”

New evidence links heavy metal pollution with wildfire retardants

“The chemical black box” that blankets wildfire-impacted areas is increasingly under scrutiny.