The officially disclosed carbon footprints of Canada’s largest oil companies could balloon in size if tough new climate rules proposed earlier this year by a U.S. regulator come into effect.
“The moment we ask companies to report Scope Three, we’re now focusing on the carbon intensity of the product itself,” said Tima Bansal, Canada research chair in business sustainability at the University of Western Ontario’s Ivey Business School.”It’s not the carbon intensity of their process – which they can reduce and can reduce quite substantially – it’s the carbon intensity of their product.”
However, their plan only addresses Scope One and Two emissions. In fact, the oil and gas industry as whole has been very reluctant to talk about the emissions produced by the combustion of its product itself. For example, Cenovus Energy – which began disclosing its estimated Scope Three emissions in 2020 – says its Scope One and Two emissions in 2019 amounted to 23.94 million tonnes of C02. But Scope Three emissions, generated by the final use of the company’s products by customers, amounted to an estimated 113 million tonnes.
Oh, come on ! ! What Carbon Footprint ? Just a Lie perpetuated by the Heathen Dems.
One more reason to delist and go private. That’s where most of oil and gas producers want to go, if they can. At these prices, certainly at the projected $200/bbl, share repurchases and capital is not a problem.
globebusiness And China? India? Almost 3 billion people living in poverty, a “report” or a Cdn carbon tax are not altering the earth’s climate.
BP oil company coined the term 'carbon footprint'. They playing everyone