CONTENTS
Executive summary .............................................................................................................. 3
1. Introduction .................................................................................................................. 6
1.1. The Transition Pathway Initiative ................................................................................................ 6
1.2. About this report......................................................................................................................... 6
2. TPI’s carbon performance assessment .......................................................................... 7
3. Applying the method to the oil and gas sector .............................................................. 9
3.1. Benchmarking oil and gas producers against primary energy supply ........................................... 9
3.2. Estimating companies’ carbon intensity of primary energy supply ............................................ 11
3.3. Representative estimates of the carbon intensity of coal, oil and gas supply ............................. 13
4. Results ........................................................................................................................ 14
4.1. Alignment with the benchmarks ............................................................................................... 14
4.2. Limitations................................................................................................................................ 15
5. Discussion .................................................................................................................... 17
6. Disclaimer ................................................................................................................... 19
Bibliography ....................................................................................................................... 20