Insight
Ledgers vs legacy: shaping the future of emissions accounting in oil and gas
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Carbon accounting is in flux. The GHG Protocol is mid-revision, regulations are shifting across the EU and US, and a new industry-backed initiative – Carbon Measures, supported by ExxonMobil, TotalEnergies and ADNOC – is challenging the status quo with a ledger-based approach that passes emissions liability along the value chain to the end consumer. Our latest insight weighs the benefits of greater granularity and accuracy against the risks of regulatory misalignment and shifting accountability, and examines what the debate between ledger-based and legacy accounting means for oil and gas companies today.
Table of contents
- Climate of uncertainty
- Why it matters
- What oil and gas companies are doing
- The new concept of ledger-based accounting
- Scope 1 and 2 emissions
- Scope 3 emissions and the extent of responsibility
- GHG Protocol’s corporate scope 3 standards
- Product-level carbon accounting
- Ledger-based carbon intensity standards
- Control and accountability
Tables and charts
This report includes the following images and tables:
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Global examples of uncertainty from changing rulesCorporate carbon accounting for an oil-and-gas companyBenefits and disadvantages of corporate scope 3 accountingHow ledger-based accounting relates to product and corporate accountingBenefits and disadvantages of ledger-based accounting
What's included
This report contains:
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