Hiding in Plain Sight: European Gas Pipeline Companies’ Greenhouse Gas Emissions
European pipeline companies are using a loophole to market themselves as low-carbon businesses and avoid reporting on the climate effects of the natural gas they transport, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Hiding in Plain Sight—European Gas Pipeline Companies’ Greenhouse Gas Emissions, found that a weakness in guidance by CDP, the London-based non-profit Carbon Disclosure Project that sets rules for carbon accounting, allows transmission system operators (TSOs) to mislead investors who are searching for greener investment opportunities.
