Oil Sector Braces For Climate Disclosure Rule By Issuing ‘Template’

The oil and gas industry is bracing for a potentially sweeping Securities & Exchange Commission (SEC) rule mandating climate change risk disclosures by issuing a “template” for individual companies to track greenhouse gas indicators, an effort that could also be an attempt to influence the forthcoming rules. “The template -- developed in consultation with our members, the financial sector, policymakers, industry customers and other interested parties -- includes relevant climate-related information” to allow for comparisons between companies, the American Petroleum...