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World's largest oil and gas plant owners hide billions dollars climate costs
A report by Global Energy Monitor (GEM) reveals that major oil and gas power plant owners use accounting loopholes in the Greenhouse Gas (GHG) Protocol to hide billions of dollars in climate costs. By analyzing five top companies using the Global Energy Ownership Tracker and Climate TRACE data, GEM identified 10.7 million tonnes of undisclosed CO2 emissions for 2022, representing $2 billion in annual social costs.
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Document type: Report
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