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EPA’s New Audit Program for New Owners of Upstream Oil and Natural Gas Facilities

The Energy Law

Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and natural gas exploration and production facilities. EPA has said that this new program for upstream oil and gas facilities “is separate from” and “does not change” those preexisting audit policies.

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SEC’s Proposed Rules on Climate-Related Disclosures

The Energy Law

The challenges exist with respect to the disclosure of Scope 3 emissions, which are defined as all indirect GHG emissions not otherwise included in a registrant’s Scope 2 emissions that occur in the upstream and downstream activities of a registrant’s value chain. [4] 2] SEC Press Release, Statement from SEC Chair Gary Gensler, [link]. [3]

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Emissions — genuine evidence of arrogance or a smart measure of sustainability?

Yokogawa

Having in mind different Energy Transition scenarios mentioned in my last article, society, business, and legislation have a hurdle how to properly assess its contribution to our end goal, which is saving the planet. Scope 3 : Emissions in complete upstream and downstream supply chain.