S&P Global Launches Comprehensive Framework for Assessing Reliability of Estimates of Greenhouse Gas Intensity for Crude Oil
A comprehensive new study by S&P Global (NYSE: SPGI) provides new guidance and methodology that improves comparability, consistency and confidence in assessing the life-cycle greenhouse gas (GHG) intensity of crude oil.
- A comprehensive new study by S&P Global (NYSE: SPGI) provides new guidance and methodology that improves comparability, consistency and confidence in assessing the life-cycle greenhouse gas (GHG) intensity of crude oil.
- What the market has been looking for is a credible and equitable yardstick when it comes to assessing oil and gas GHG emissions, said Daniel Yergin, vice chairman, S&P Global.
- The average represents a comprehensive assessment of the average product life-cycle GHG intensity of crude oil processed in the United States in 2019.
- S&P Global estimates the volume-weighted average life-cycle GHG intensity of crude oil processed in the United States in 2019 was 84 gCO2e/MJ or 457 kgCO2e/bbl of refined product.