CALGARY - 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 rules would apply not only to publicly listed companies south of the border, but also to the more than 230 Canadian companies that are listed on U.S. stock exchanges. Scope Three emissions are the emissions an oil company causes when it sells its product (when a driver burns gasoline in a car, for example). “I hear it all the time from (oil companies), that Scope Three is ‘not our problem, it’s the consumers choice,’ ” Kenyon said. For example, an energy company actively working to reduce its Scope Three emissions would aim to increase the percentage of renewables in its portfolio.

Source: thestar May 30, 2022 13:01 UTC