Fossil fuel registry launched to help spot 'stranded assets'

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LONDON: Carbon Tracker and Global Energy Monitor said on Monday (Sep 19) that they had launched the first global registry of oil and gas reserves, production and emissions with data for more than 50,000 fields. The database makes previously disparate or hard-to-access data publicly available, including to

LONDON: Carbon Tracker and Global Energy Monitor said on Monday that they had launched the first global registry of oil and gas reserves, production and emissions with data for more than 50,000 fields.

"It is an enormous help to now have all this information, cross-referenced and searchable at our fingertips. Not least to help us in targeting and refining our thematic engagement and stewardship," said Eric Christian Pedersen, Head of Responsible Investments at Nordea Asset Management. "With the Registry, it will be much easier to include expected future emissions into the analysis - and thus to identify and prioritise the companies with the greatest risk of harbouring assets likely to become stranded," Pedersen said.

It is not straightforward to calculate the life-cycle emissions of a unit of oil, gas or coal, often relying on calculations rather than measurements which can differ widely.

Source: Energy Industry News (energyindustrynews.net)

 

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