Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
IOCs plot risky Libya return
Despite the continuing threat that the country’s security situation could implode, oil firms are keen to get going again
Iraq shrugs off partner uncertainty to lift long-term target
The country has lifted its long-term production target to 8mn bl/d despite continued murmurings about IOC dissatisfaction
Iraq and IOCs: A complex web
Baghdad needs to improve its relationship with international partners. But beware assuming there are easy answers
Pureplay producer makes case for scope three absolution
NCS operator Lundin is touting its ‘green’ Johan Sverdrup barrels. Its CEO argues that represents it doing its bit
Malaysia sweetens upstream deals
The country is taking measures to encourage IOC interest in its latest licensing round
Opportunity knocks for collaboration increase
Oil and gas can improve its economics and decarbonise its value chain—and achieve those wins quickly—through changing its working practices
Opec+ creates Central Asian headache for IOCs
Foreign companies tapping large fields in and around the Caspian Sea face tricky decisions on production cuts
Scope three emissions are those associated with the company’s value chain
Outlook 2022
IOCs Emissions
Richard Harriss
6 December 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Outlook 2022: IOCs face scope three emissions challenges

Quantifying CO₂ emissions from processes outside of a firm’s control—never mind influencing and reducing them—represents a hugely complex new undertaking

Institutional stakeholders are increasingly calling for companies to comprehensively report and tackle their emissions, and the trend will likely only amplify in 2022. Whereas scope one and two emissions involve making direct interventions in how your company operates, the approach to managing scope three emissions is far less certain. Some companies are making good progress in managing these emissions. But, for others, identifying or quantifying emissions can be ambiguous or challenging. What are scope three emissions, and why are they important? Scope three emissions are those associated with the company’s value chain. The company is therefore indirectly responsible for these through condu

Also in this section
The long road to African energy finance
16 June 2025
The launch of the much-needed yet oft-delayed Africa Energy Bank remains shrouded in questions and funding constraints, but its potential is clear
Azerbaijan enjoys rare upstream FID
16 June 2025
BP and partners have reached a $2.9b FID on a new phase at Shah Deniz, but slow progress on other gas projects is attributed to a lack of European support
Saudi Arabia and Russia pull OPEC+ in different directions
13 June 2025
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Trump creates new risk dynamic
13 June 2025
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search