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.
Facing mounting pressure to divest from oil and gas, investors are increasingly demanding more standardized and robust climate and emissions disclosures from the industry. Some of the largest firms are already voluntarily divulging their greenhouse-gas em…