Oil investors “noted with frustration the difficulty in trusting numbers self-reported by companies and rarely verified by independent third parties, even though the way U.S. “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. EQT’s report omits gas flared from other sources downstream from the well and flaring from emergency incidents, the report published Tuesday said.
disclosed zero emissions from flaring, but defined flaring based on the American Exploration Petroleum Council’s definition, which includes only the flaring of wellhead gas at company-operated assets. Some of the largest firms are already voluntarily divulging their greenhouse-gas emissions, but the lack of government regulation and unified reporting underscores the challenges investors face when comparing inconsistent data across companies.įor example, Columbia researchers found that shale gas producer EQT Corp.
Facing mounting pressure to divest from oil and gas, investors are increasingly demanding more standardized and robust climate and emissions disclosures from the industry.
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