Oil Climate Disclosures Riddled With ‘Questionable Claims,’ Study Finds
Columbia University casts doubt on emissions reports by U.S. oil companies
Oil pumpjacks outside Odessa, Texas.
Photographer: Sergio Flores/BloombergThis article is for subscribers only.
Environmental disclosures by some of the biggest U.S. oil and gas companies contain “questionable claims” about climate risks and greenhouse-gas emissions, frustrating investors under pressure to divest from fossil fuels, Columbia University researchers found.
Emissions data reported by oil companies are “awash with unsubstantiated claims,” according to an analysis of 15 publicly traded oil companies and a dozen major oil investors in the U.S. by the university’s Center on Global Energy Policy.