Oil climate disclosures riddled with ‘questionable claims,’ study finds
and unified reporting underscores the challenges investors face when comparing inconsistent data across companies.
“The definition used is neither questionable, as it is an industry standard as noted, nor does it detract from or impact the data included in our ESG report, which shows that EQT has among the lowest methane intensities within the oil and gas space,’’ an EQT spokesperson said in response to the study.
“It is evident that a regulatory push is likewise necessary to incentivize all operators in the U.S. oil and gas sector to apply these innovations and better measure and reduce GHG emissions,” the researchers said. “Most operators are hesitant to embrace emissions-reduction efforts if they will increase operational costs—costs that may not always be recoverable.”
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