Module: Introduction

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					                                                                                                 CDP 2012 Investor CDP 2012 Information Request
                        Carbon Disclosure Project                                                Oil&GasCompany Inc.


Module: Introduction

Page: Introduction

0.1


      Introduction
      Please give a general description and introduction to your organization



      For the 2011 Carbon Disclosure Project (CDP) reporting period, Oil&GasCompany Inc. operated as an international, integrated energy company, employing
      approximately 12,345 employees worldwide.

      Since Oil&GasCompany Inc. operated as an integrated energy company in 2011, we have chosen to report our total Scope 1, 2 and 3 emissions, energy use,
      emissions performance and emissions trading to the CDP on an integrated company basis.

      Oil&GasCompany Inc. is proud to participate of CDP and welcomes this important initiative as an instrument for businesses to address their responsibilities in
      climate change.




0.2


      Reporting Year
      Please state the start and end date of the year for which you are reporting data.
      The current reporting year is the latest/most recent 12-month period for which data is reported. Enter the dates of this year first.
      We request data for more than one reporting period for some emission accounting questions. Please provide data for the three years prior to the current reporting
      year if you have not provided this information before, or if this is the first time you have answered a CDP information request. (This does not apply if you have been
      offered and selected the option of answering the shorter questionnaire). If you are going to provide additional years of data, please give the dates of those reporting
      periods here. Work backwards from the most recent reporting year.
      Please enter dates in following format: day(DD)/month(MM)/year(YYYY) (i.e. 31/01/2001).
                Enter Periods that will be disclosed

       Sat 01 Jan 2011 - Sat 31 Dec 2011




0.3

      Country list configuration

      Please select the countries for which you will be supplying data. This selection will be carried forward to assist you in completing your response

               Select country

       United States of America
       Canada
       United Kingdom
       Spain
       Rest of world



0.4

      Currency selection

      Please select the currency in which you would like to submit your response. All financial information contained in the response should be in this currency.

      USD($)



0.5

      Please select if you wish to complete a shorter information request
0.6


       Modules
       As part of the Investor CDP information request, electric utilities, companies with electric utility activities or assets, companies in the automobile or auto component
       manufacture sectors and companies in the oil and gas industry should complete supplementary questions in addition to the main questionnaire.
       If you are in these sectors (according to the Global Industry Classification Standard (GICS)), the corresponding sector modules will be marked as default options to
       your information request. If you want to query your classification, please email respond@cdproject.net.
       If you have not been presented with a sector module that you consider would be appropriate for your company to answer, please select the module below. If you
       wish to view the questions first, please see https://www.cdproject.net/en-US/Programmes/Pages/More-questionnaires.aspx.




Further Information

       This document contains forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and
       assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking
       statements. Economic, business, competitive and regulatory factors that may affect Oil&GasCompany Inc.' business are generally as set forth in Oil&GasCompany
       Inc.' filings with the Securities and Exchange Commission (SEC).




Module: Management [Investor]

Page: 1. Governance

1.1

       Where is the highest level of direct responsibility for climate change within your company?

       Senior Manager/Officer



1.1a

       Please identify the position of the individual or name of the committee with this responsibility
       Responsibility for managing climate change issues rests with the Executive Vice President.
       In addition, the company's Sustainability Group provides regular reports to the Oil&GasCompany Inc. Executive Team on climate change issues.




1.2

       Do you provide incentives for the management of climate change issues, including the attainment of targets?

       Yes



1.2a

       Please complete the table

        Who is entitled
        to benefit from    The type of
                                                                                      Incentivised performance indicator
             these         incentives
          incentives?


                                         All the components of the executive compensation are performance based. Awards are determined by company performance
        Corporate         Monetary       measured against criteria including the development and implementation of strategic plans to enhance Oil&GasCompany Inc.
        executive team    reward         operating and financial position. The strategic planning process includes consideration of climate change and sustainable
                                         development risks and opportunities.
                                         Incentivized performance indicators vary among different corporate, business and functional units, and include, but are not
                                         limited to: • Achieving goals set out in corporate, business and functional unit climate change action plans • Improved energy
                          Monetary       efficiency resulting in GHG reduction • Development of low carbon business opportunities • Effective implementation of public
        All employees
                          reward         policy advocacy plans • Carbon credit generation and optimization • Successful development of technology aimed at reducing
                                         GHG emissions • Effective knowledge sharing regarding climate change risks/opportunities, policy, GHG reduction best
                                         practices, etc.



Further Information

       Oil&GasCompany Inc. has also a package of incentives for its employees such as public transportation, support for purchase of hybrid vehicles or installation of
       solar energy.
Page: 2. Strategy

2.1

       Please select the option that best describes your risk management procedures with regard to climate change risks and opportunities

       Integrated into multi-disciplinary company wide risk management processes



2.1a

       Please provide further details (see guidance)


       i. Scope of the process
       Our process for assessing risk and opportunity related to climate change includes consideration of:
       • GHG/energy policy and regulation
       • Social risk and issues
       • Reputation
       ii. Assessing company level risk/opportunity
       We maintain a comprehensive Corporate Climate Change Action Plan.
       iii. Assessing asset level risk/opportunity
       Business Unit (BU) Climate Change Planning
       The Corporate Climate Change Action Plan is developed from individual BU and major assets climate change action plans. These individual action plans address
       the goals of the corporate plan based on local and regional considerations specific to the individual BU or asset. This approach promotes alignment and
       implementation of the overall corporate action plan.
       iv. Monitoring frequency
       Climate change issues and GHG regulation are identified and evaluated on an ongoing basis as appropriate for individual BU's, projects and the overall
       corporation. v. Criteria for determining materiality/priorities
       Risks and opportunities related to climate change are prioritized based on their potential to have a significant impact to the company.
       vi. Internal reporting of assessment results
       Responsibility for managing climate change issues rests with the Executive Vice President. The Sustainability Group (SG) provides regular reports to the
       Oil&GasCompany Inc. Executive Team on climate change issues.



2.2

       Is climate change integrated into your business strategy?

       Yes
2.2a

       Please describe the process and outcomes (see guidance)


       Influence on business strategy
       Oil&GasCompany Inc. has a corporate reporting process that ensures GHG emissions are fully understood and reported at the asset, business unit and corporate
       levels of the company. Major capital projects must support the cost of carbon emissions in project economics and smaller projects are encouraged to take the same
       approach. The risk and opportunities related to new projects are periodically reviewed through a risk ranking process.
       Climate change aspects influencing strategy
       Near-term strategic considerations related to climate change are focused on the changing policy and regulatory landscape. Long-term considerations include
       changing consumer demand, the development of new and alternative technologies, the changing physical operating environment and potential legal challenges.
       Influence on short term strategy
       • Carbon Trading: Oil&GasCompany Inc. trades CO2 allowances to optimize emissions management in countries implementing emission-trading programs. The
       company actively evaluates opportunities to participate in GHG emission-reduction projects directly and to purchase offset credits from third-party projects.
       Influence on long term strategy
       Climate change has influenced our strategy in the following ways.
       • Clean Natural Gas: We continue to invest in natural gas - the fastest and most economical path to significantly reducing emissions of carbon dioxide from power
       generation, while minimizing our impact on the land and water resources.
       • Alternative energy investment: On February 29, 2010, Oil&GasCompany Inc. announced the creation of FGV, a five year, $900 million dollar joint venture in
       partnership with XXX and YYY. FGV will invest in and offer commercial collaboration opportunities to venture- and growth-stage energy technology companies.
       Strategic advantage
       GHG regulations will establish a price for CO2e. Such laws and regulations could also increase demand for less carbon intensive energy sources and technologies,
       including natural gas, renewable power and carbon capture and storage technologies. There are potential opportunities in all of these areas to increase revenues,
       decrease expenses, expedite business development, enhance our license to operate and grow the business. We position ourselves not as an oil company, but as a
       company that provides energy solutions. Either if you are a country looking o explore your energy resources in a sustainable way or a company looking for
       sustainable energy sources, we will provide our clients with the most sustainable solutions.
       Substantial business decisions
       It has been a substantial business decision to position ourselves not as an oil company, but a company that provides energy solutions to customers. That is why
       Oil&GasCompany Inc., XXX and YYY created a joint venture and became the main investors in FGV, a collaboration partnership for emerging and innovative
       energy technology companies.



2.2b

       Please explain why not
2.3

       Do you engage with policy makers to encourage further action on mitigation and/or adaptation?

       Yes



2.3a

       Please explain (i) the engagement process and (ii) actions you are advocating


       Public Policy Position
       We believe that over the months and years ahead, governments around the world - federal, state/provincial and local – will act upon the issue of global climate
       change.

       Engagement process

       i. Method of engagement – e.g. through a trade organization, as an individual company, through funding of a third party, etc. and public or private;
       We work as an individual company, with industry peers, through traditional trade associations and through other multi-stakeholder groups to directly engage
       policymakers. We also contribute funding for third-party analysis and assessment of climate change policy proposals.
       ii. Topic of engagement – e.g. legislation, policy, products/technologies;
       We engage in many aspects of the climate change-related public policy discussion and development at the federal, regional and state/provincial levels in key areas
       in which we operate.
       iii. Nature of engagement - e.g. responding to a consultation, participating in policy research;
       We work unilaterally and through industry associations and other groups to directly engage policymakers, to respond to consultations and other opportunities for
       comment, to conduct public policy research and to inform consumers and other stakeholders to assist their engagement in the policy process.

       Actions advocated - The nature of advice given, e.g. were you encouraging action on mitigation, or adaptation, endorsement or opposition of policy
       proposals.
       Oil&GasCompany Inc. advocates the development of national policy that addresses GHG emissions and the impacts of climate change ,namely through the
       introduction of national cap and trade schemes and a carbon price. We do this in all jurisdictions within which we operate.



Further Information

Attachments

Page: 3. Targets and Initiatives
3.1

       Did you have an emissions reduction target that was active (ongoing or reached completion) in the reporting year?

       Absolute and intensity targets



3.1a

       Please provide details of your absolute target

        ID       Scope          % of emissions in      % reduction    Base       Base year emissions         Target         Comment
                                      scope          from base year   year       (metric tonnes CO2e)         year

        A1   Scope 1+2       40%                    2%                2010       23400000                    2011     No comments
        A2   Scope 1+2       30%                    5%                2010       65400000                    2011     No comments



3.1b

       Please provide details of your intensity target

                               % of            % reduction
        ID     Scope                                                    Metric                 Base     Normalized base     Target           Comment
                            emissions in     from base year
                                                                                               year     year emissions       year
                              scope

             Scope
        I1                80%               7%                Tonnes CO2e/BOE               2010      0.15                 2020       No comments
             1+2



3.1c

       Please also indicate what change in absolute emissions this intensity target reflects
              Direction of change                              Direction of change
                 anticipated in     % change anticipated in       anticipated in       % change anticipated
        ID    absolute Scope 1+2     absolute Scope 1+2         absolute Scope 3       in absolute Scope 3                             Comments
              emissions at target         emissions            emissions at target          emissions
                  completion?                                      completion?


                                                                                                                   Percent change based on total Oil&GasCompany
        I1    Decrease              0.4                        No change             0
                                                                                                                   Inc. Scope 1 emissions.



3.1d

       Please provide details on your progress against this target made in the reporting year

             ID          % complete (time)              % complete (emissions)                                            Comment


        A1         80                             100
        A2         100                            100
        I1         12                             32                                     Exceeded first year intensity target expectations



3.1e

       Please explain (i) why not; and (ii) forecast how your emissions will change over the next five years




3.2

       Does the use of your goods and/or services directly enable GHG emissions to be avoided by a third party?

       Yes



3.2a
       Please provide details (see guidance)


       Oil&GasCompany Inc. commissions and commercializes natural gas which allows companies to save emissions when compared with coal and fuel oil burning.



3.3

       Did you have emissions reduction initiatives that were active within the reporting year (this can include those in the planning and/or implementation
       phases)

       Yes



3.3a

       Please identify the total number of projects at each stage of development, and for those in the implementation stages, estimated CO2e savings

                                                                                      Total estimated annual CO2e savings (only for rows marked *)
             Stage of development               Number of projects


        Under investigation                2                               24543523
        To be implemented*                 2                               8562134
        Implementation commenced*          3                               6761243
        Implemented*                       3                               7351234
        Not to be implemented              5                               12347634



3.3b

       For those initiatives implemented in the reporting year, please provide details in the table below
                                                                                                    Estimated
                                                                                                                          Annual          Investment         Payback
                                                                                                   annual CO2e
             Activity type                             Description of activity                                           monetary        required (unit       period
                                                                                                     savings
                                                                                                                       savings (unit       currency)
                                                                                                                        currency)

        Energy efficiency:            The new process will result in energy savings of up to
                                                                                                100000               2000000            3500000            1-3 years
        processes                     987654321 kWh.



3.3c

       What methods do you use to drive investment in emissions reduction activities?


                             Method                                                                        Comment


        Compliance with regulatory
                                                         Oil&GasCompany Inc. meets or exceeds the regulations in countries in which it operates.
        requirements/standards
        Financial optimization calculations              Energy efficiency and GHG reduction projects compete for capital with all other investment opportunities.
        Dedicated budget for low carbon product          The company has expanded its internal research programs to significantly reduce the cost of carbon capture and
        R&D                                              to improve modelling and verification.



3.3d


       If you do not have any emissions reduction initiatives, please explain why not




Further Information

Page: 4. Communication

4.1
       Have you published information about your company’s response to climate change and GHG emissions performance for this reporting year in other
       places than in your CDP response? If so, please attach the publication(s)


                    Publication                                        Page/Section Reference                                  Identify the attachment


        In annual reports (complete)           Forward Looking Statements and Risk Factors (Pages 9, 10, 17, 23)        Oil&GasCompany Inc. 10K.pdf
        In voluntary communications
                                               All pages: Oil&GasCompany Inc. Climate Change Position                   Climate Change Position.pdf
        (complete)



Attachments

Module: Risks and Opportunities [Investor]

Page: 2012-Investor-Risks&Opps-ClimateChangeRisks

5.1

       Have you identified any climate change risks (current or future) that have potential to generate a substantive change in your business operations,
       revenue or expenditure? Tick all that apply


       Risks driven by changes in regulation
       Risks driven by changes in physical climate parameters
       Risks driven by changes in other climate-related developments




5.1a

       Please describe your risks driven by changes in regulation
                                                                                                          Potential                    Direct/                  Magnitude
        ID         Risk driver                                  Description                                             Timeframe                Likelihood
                                                                                                           impact                     Indirect                  of impact



                                       The U.S. Supreme Court decision in Massachusetts v. EPA,
             General environmental                                                                      Increased
                                       549 U.S. 497, 127 S.Ct. 1438 (2007), confirming that the                                                  Virtually      Low-
        R1   regulations, including                                                                     operational     1-5 years     Direct
                                       EPA has the authority to regulate carbon dioxide as an “air                                               certain        medium
             planning                                                                                   cost
                                       pollutant” under the Federal Clean Air Act.
                                                                                                        Increased
                                                                                                                                                 Virtually      Low-
        R2   Carbon taxes              Carbon taxes in certain jurisdictions.                           operational     Current       Direct
                                                                                                                                                 certain        medium
                                                                                                        cost
                                                                                                        Increased
             Cap and trade             Cap and trade programs in certain jurisdictions, including the                                            Virtually      Low-
        R3                                                                                              operational     Current       Direct
             schemes                   EU ETS..                                                                                                  certain        medium
                                                                                                        cost



5.1b

       Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk; and (iii) the
       costs associated with these actions


       The following applies to all risks R-1 through R-3 unless otherwise specified.
       i) Potential financial impact
       All three regulatory risks are similar in that each regulatory framework has a potential to increase operating cost and consumer prices. Fuel price increases can
       have an effect on crude oil demand.
       ii) Methods used to manage risk
       (All): As demonstrated in our climate change strategy, Oil&GasCompany Inc. will seek to minimize the impact of regulatory risks through new business ventures,
       and technology development activities aimed at improving energy efficiency and reducing carbon emissions.
        iii) Cost associated with action
       (All): Oil&GasCompany Inc. continues to invest heavily into both external technology ventures and its internal research in order to fulfil the energy requirements of
       its clients in a carbon constrained world.




5.1c
       Please describe your risks that are driven by change in physical climate parameters

                                                                                                                                     Direct/
                Risk                                                                                                                                             Magnitude
        ID                                 Description                                 Potential impact               Timeframe     Indirect    Likelihood
               driver                                                                                                                                            of impact



                         Oil&GasCompany Inc. has numerous facilities        Other: Increased capital cost,
             Sea level                                                                                                                         About as likely   Medium-
        R4               located along the coasts and along rivers close    Reduction/disruption in production        >10 years     Direct
             rise                                                                                                                              as not            high
                         to sea level.                                      capacity



5.1d

       Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk; and (iii) the
       costs associated with these actions

       The following applies to risk R4:
       i) Potential financial impact
       (All): According to USEPA, climatologists have reached a consensus that a doubling of CO2 could warm the Earth 1.5-4.5°C (3-8°F), which could leave our planet
       warmer than it has ever been during the last two million years. Global warming could alter precipitation patterns, change the frequency of droughts and severe
       storms, and raise the level of the oceans. Their estimate of the national cost to protect developed areas of the coastal United States is $5-13 Billion for a 50 cm sea
       level rise and $30-101 Billion for a 200 cm rise. We are currently estimating the likely cost impact of these risks on our assets. Preliminary modelling calculation
       result in estimated costs of around 0.5 to 1 billion $.
       ii) Methods used to manage risk
       (All): Physical risks associated with sea level, precipitation extremes and cyclones are first addressed in the initial facility design. Facilities are designed to
       withstand severe weather extremes likely for their location. To the extent that climate change could increase risk to a facility, the company would design and
       construct/modify facilities and adapt contingency plans to address potential risks to personnel and physical assets. We are currently evaluating through careful
       modelling how to consider increased frequency of extreme weather events into the engineering design of our facilities.
       iii) Cost associated with action
       (All): The cost to reduce potential physical climate change risk will vary greatly, because each facility is unique and weather-related events vary widely in frequency
       and intensity,



5.1e

       Please describe your risks that are driven by changes in other climate-related developments
                                                                                                                               Direct/
                                                                                                                                                             Magnitude of
         ID       Risk driver                       Description                       Potential impact        Timeframe       Indirect       Likelihood
                                                                                                                                                               impact



                                   Reputation could affect license to operate
        R5    Reputation           and the ability to attract a talented           Other: Project Delays     Current        Direct         Unlikely          Medium
                                   workforce.
              Changing             Shift in consumer preference towards
                                                                                   Reduced demand for                                      About as likely
        R6    consumer             alternative energy options faster than what                               >10 years      Direct                           Low-medium
                                                                                   goods/services                                          as not
              behaviour            we can provide.



5.1f

       Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk; (iii) the costs
       associated with these actions



       The following applies to all risks R-5 through R-6 unless otherwise specified
       i) Potential financial impact
       The potential financial implications associated with these two risk factors vary from low to medium impact. Reputation could influence the ability to attract and retain
       workforce talent and our license to operate. Future climate change impacts could increase consumer commitment to lower carbon energy options, which could
       reduce demand for some of the company's products.
         ii) Methods used to manage risk
       Our response to climate change and commitment to reduce carbon emissions is one of several factors which could influence our reputation.
         iii) Cost associated with action
         Oil&GasCompany Inc. spends a portion of its capital budget each year on energy improvement projects which reduce operational costs and emissions. In 2011 this
       total was of 0.9 billion USD.




5.1g

       Please explain why you do not consider your company to be exposed to risks driven by changes in regulation that have the potential to generate a
       substantive change in your business operations, revenue or expenditure
5.1h

       Please explain why you do not consider your company to be exposed to risks driven by physical climate parameters that have the potential to generate a
       substantive change in your business operations, revenue or expenditure




5.1i

       Please explain why you do not consider your company to be exposed to risks driven by changes in other climate-related developments that have the
       potential to generate a substantive change in your business operations, revenue or expenditure




Further Information

Page: 2012-Investor-Risks&Opps-ClimateChangeOpp

6.1

       Have you identified any climate change opportunities (current or future) that have the potential to generate a substantive change in your business
       operations, revenue or expenditure? Tick all that apply

       Opportunities driven by changes in regulation
       Opportunities driven by changes in physical climate parameters
       Opportunities driven by changes in other climate-related developments




6.1a

       Please describe your opportunities that are driven by changes in regulation
                 Opportunity                                                                                                                                 Magnitude
         ID                                           Description                          Potential impact    Timeframe     Direct/Indirect    Likelihood
                   driver                                                                                                                                    of impact


                                  International agreements such as the Kyoto and         Other: Revenue
              International                                                                                                                                  Low-
        OP1                       Durban Protocol have the potential to establish a      from emissions        6-10 years    Direct             Likely
              agreements                                                                                                                                     medium
                                  global carbon market.                                  trading



6.1b

       Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity; (iii) the costs
       associated with these actions



       The following applies to all opportunities OP-1 through OP-5 unless otherwise specified
       i) Potential Financial Implications
       Whether international agreement, general environmental regulation, product efficiency regulation, carbon tax or cap and trade framework, the magnitude of potential
       financial benefit depends substantially on the specific regulatory change.
       ii) Methods used to manage opportunities
        Development of low carbon energy sources and alternative energy sources are key strategies developed using our long-range planning process.
       iii) Cost associated with these actions
       Costs of investment in new staff, staff training and building or retrofitting of new installations can represent up to 2 billion USD in the following 10 years.



6.1c

       Please describe the opportunities that are driven by changes in physical climate parameters

                                                                                                                               Direct/                       Magnitude
         ID      Opportunity driver                  Description                      Potential impact        Timeframe                        Likelihood
                                                                                                                              Indirect                       of impact


                                         Development of technologies to                                                     Indirect
              Change in precipitation                                            Increased demand for                                      About as likely
        OP2                              mitigate the effects of precipitation                                6-10 years    (Supply                          Low
              extremes and droughts                                              existing products/services                                as not
                                         extremes.                                                                          chain)
6.1d

       Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity; (iii) the costs
       associated with these actions



       The following applies to all opportunities unless otherwise specified.

       i) Potential Financial Implications

       We consider that the financial implications of the opportunity are, for the moment, negligible. There is high uncertainty involved in this opportunity, so it is particular
       difficult to estimate its financial implication.

       ii) Methods used to manage opportunities

       None, as it is considered negligible an dthe company is not pursuing actively this opportunity.

       iii) Cost associated with these actions
       None, as per previous point.



6.1e

       Please describe the opportunities that are driven by changes in other climate-related developments

                Opportunity                                                                                                                Direct/                   Magnitude
         ID                                               Description                                Potential impact      Timeframe                  Likelihood
                  driver                                                                                                                  Indirect                   of impact


                                 Successfully and responsibly dealing with climate change          Increased stock
        OP3    Reputation        issues can promote a positive reputation for the company          price (market           Current        Direct      Very likely    Medium
                                 and increased demand for its products.                            valuation)



6.1f

       Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity; (iii) the costs
       associated with these actions
       The following applies to all opportunities OP-9 through OP-10 unless otherwise specified
       i) Potential Financial Implications
        We are committed to safe and responsible operations around the globe. Reputation is important to Oil&GasCompany Inc.. Reputation influences hiring and
       retention of talented employees and can influence our stock price. While it is not possible to quantify this value, Oil&GasCompany Inc. recognizes the importance of
       a good reputation.
       ii) Methods used to manage opportunities
        We promote open dialog on natural gas and climate change issues.
       iii) Cost associated with these actions
        The cost of stakeholder engagement is built into current work processes and operating costs. The estimated cost is of 1 million USD/year.




6.1g

       Please explain why you do not consider your company to be exposed to opportunities driven by changes in regulation that have the potential to
       generate a substantive change in your business operations, revenue or expenditure




6.1h

       Please explain why you do not consider your company to be exposed to opportunities driven by physical climate parameters that have the potential to
       generate a substantive change in your business operations, revenue or expenditure




6.1i

       Please explain why you do not consider your company to be exposed to opportunities driven by changes in other climate-related developments that
       have the potential to generate a substantive change in your business operations, revenue or expenditure




Further Information
Module: GHG Emissions Accounting, Energy and Fuel Use, and Trading [Investor]

Page: 7. Emissions Methodology

7.1

       Please provide your base year and base year emissions (Scopes 1 and 2)

                                        Scope 1 Base year                 Scope 2 Base
                Base year            emissions (metric tonnes         year emissions (metric
                                             CO2e)                        tonnes CO2e)


        Fri 01 Jan 2007 - Fri 31
        Dec 2007                    5450000                         2340000




7.2

       Please give the name of the standard, protocol or methodology you have used to collect activity data and calculate Scope 1 and Scope 2 emissions

                  Please select the published methodologies that you use


        The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard
        (Revised Edition)



7.2a

       If you have selected "Other", please provide details below
7.3

      Please give the source for the global warming potentials you have used

           Gas                              Reference


       CO2            IPCC Second Assessment Report (SAR - 100 year)
       CH4            IPCC Second Assessment Report (SAR - 100 year)
       N2O            IPCC Second Assessment Report (SAR - 100 year)



7.4

      Please give the emissions factors you have applied and their origin; alternatively, please attach an Excel spreadsheet with this data

              Fuel/Material/Energy               Emission Factor                          Unit                                    Reference


       Natural gas                        0.05                         Metric Tonne CO2/Million BTU                  IPIECA
                                                                                                                     IPIECA
       Distillate fuel oil No 5           0.08                         Metric Tonne CO2/Million BTU

                                                                                                                     IPIECA
       Distillate fuel oil No 6           0.08                         Metric Tonne CO2/Million BTU



Further Information




Page: 8. Emissions Data - (1 Jan 2011 - 31 Dec 2011)

8.1
       Please select the boundary you are using for your Scope 1 and 2 greenhouse gas inventory

       Operational control



8.2a

       Please provide your gross global Scope 1 emissions figure in metric tonnes CO2e


       4300000



8.2b

       Please provide your gross global Scope 1 emissions figures in metric tonnes CO2e - Part 1 breakdown

           Boundary                Gross global Scope 1 emissions (metric tonnes CO2e)               Comment




8.2c

       Please provide your gross global Scope 1 emissions figures in metric tonnes CO2e - Part 1 Total

                    Gross global Scope 1 emissions (metric tonnes CO2e) – Part 1 Total               Comment




8.2d

       Please provide your gross global Scope 1 emissions figures in metric tonnes CO2e - Part 2
                                                                                                     Comment
           Boundary                Gross global Scope 1 emissions (metric tonnes CO2e)




8.3a

       Please provide your gross global Scope 2 emissions figure in metric tonnes CO2e



       1800000



8.3b

       Please provide your gross global Scope 2 emissions figures in metric tonnes CO2e - Part 1 breakdown

           Boundary                Gross global Scope 2 emissions (metric tonnes CO2e)
                                                                                                     Comment




8.3c

       Please provide your gross global Scope 2 emissions figures in metric tonnes CO2e - Part 1 Total

                   Gross global Scope 2 emissions (metric tonnes CO2e) - Total Part 1                Comment




8.3d

       Please provide your gross global Scope 2 emissions figures in metric tonnes CO2e - Part 2
                             Gross global Scope 2 emissions (metric tonnes
                             CO2e) - Other operationally controlled entities,
            Boundary                                                                Comment
                                          activities or facilities




8.4

       Are there are any sources (e.g. facilities, specific GHGs, activities, geographies, etc.) of Scope 1 and Scope 2 emissions which are not included in your
       disclosure?




8.4a

       Please complete the table

             Reporting Entity            Source          Scope               Explain why the source is excluded




8.4

       Are there are any sources (e.g. facilities, specific GHGs, activities, geographies, etc.) of Scope 1 and Scope 2 emissions which are not included in your
       disclosure?

       No



8.4a

       Please complete the table
            Source           Scope                Explain why the source is excluded




8.5

       Please estimate the level of uncertainty of the total gross global Scope 1 and Scope 2 figures that you have supplied and specify the sources of
       uncertainty in your data gathering, handling, and calculations


                                                                                                            Scope 2
           Scope 1             Scope 1
                                                                                            Scope 2        emissions:
          emissions:         emissions:        Scope 1 emissions: Please expand                                           Scope 2 emissions: Please expand on
                                                                                           emissions:         Main
          Uncertainty       Main sources         on the uncertainty in your data                                              the uncertainty in your data
                                                                                           Uncertainty     sources of
            range           of uncertainty
                                                                                             range         uncertainty



                                              Each of the listed uncertainties in
                                                                                                                         These emissions are associated with
                           Metering/          Column 2 has potential to introduce
        More than 2%                                                                    More than 10%                    purchased electricity and steam.
                           Measurement        error in calculated emissions.                               Assumptions
        but less than or                                                                but less than or                 Oil&GasCompany Inc. does not have
                           Constraints        Assumptions used to calculate
        equal to 5%                                                                     equal to 20%                     specific information concerning the actual
                                              emissions are viewed as the highest
                                                                                                                         feedstock mix used to produce this energy.
                                              source of uncertainty.



8.6

       Please indicate the verification/assurance status that applies to your Scope 1 emissions


       Verification or assurance underway but not yet complete - last year’s statement available



8.6a
       Please indicate the proportion of your Scope 1 emissions that are verified/assured


       More than 60% but less than or equal to 80%



8.6b

       Please provide further details of the verification/assurance undertaken, and attach the relevant statements


           Level of verification or                                                                    Relevant statement
                                                     Relevant verification standard
                 assurance                                                                                  attached


                                        EC Directive 2003/87/EC Annex V and 2007/589/EC as
        Reasonable assurance                                                                       EU GHG Emissions Report
                                        amended (EU ETS compliance)



8.7

       Please indicate the verification/assurance status that applies to your Scope 2 emissions


       Verification or assurance complete



8.7a

       Please indicate the proportion of your Scope 2 emissions that are verified/assured



       More than 0% but less than or equal to 20%



8.7b
       Please provide further details of the verification/assurance undertaken, and attach the relevant statements



                Level of verification or assurance                 Relevant verification standard             Relevant statement attached


        Limited assurance                                   ISO14064-3                                     Scope2Assurance.pdf



8.8

       Are carbon dioxide emissions from the combustion of biologically sequestered carbon (i.e. carbon dioxide emissions from burning biomass/biofuels)
       relevant to your company?

       No



8.8a

       Please provide the emissions in metric tonnes CO2e




Further Information




Attachments

       https://www.cdproject.net/Sites/2012/00/000/Investor CDP 2012/Shared Documents/Attachments/InvestorCDP2012/8.EmissionsData(1Jan2011-31Dec2011)/
       Verification Statement.pdf


Page: 9. Scope 1 Emissions Breakdown - (1 Jan 2011 - 31 Dec 2011)
9.1

       Do you have Scope 1 emissions sources in more than one country or region (if covered by emissions regulation at a regional level)?

       Yes



9.1a

       Please complete the table below

                   Country                   Scope 1 metric tonnes CO2e


                                                       3214133
        United States of America

                                                        43523
        Canada

                                                        325234
        United Kingdom

                                                        54434
        Spain

                                                        662676
        Rest of world



9.2

       Please indicate which other Scope 1 emissions breakdowns you are able to provide (tick all that apply)

       By business division
       By GHG type




9.2a
       Please break down your total gross global Scope 1 emissions by business division

                Business Division              Scope 1 metric tonnes CO2e


                                                        3225000
        Exploration & Production

                                                         473000
        Gas Processing

                                                         387000
        Refining

                                                         215000
        Other



9.2b

       Please break down your total gross global Scope 1 emissions by facility

              Facility
                                    Scope 1 metric tonnes CO2e




9.2c

       Please break down your total gross global Scope 1 emissions by GHG type

           GHG type                 Scope 1 metric tonnes CO2e


                            4085000
        CO2

        CH4                 215000



9.2d
        Please break down your total gross global Scope 1 emissions by activity

              Activity              Scope 1 metric tonnes CO2e




Further Information

Page: 10. Scope 2 Emissions Breakdown - (1 Jan 2011 - 31 Dec 2011)

10.1

        Do you have Scope 2 emissions sources in more than one country or region (if covered by emissions regulation at a regional level)?

        Yes



10.1a

        Please complete the table below

                    Country                    Scope 2 metric tonnes CO2e


                                                        1170000
         United States of America

                                                         180000
         Canada

                                                         198000
         United Kingdom

                                                         144000
         Spain

                                                         108000
         Rest of world
10.2

        Please indicate which other Scope 2 emissions breakdowns you are able to provide (tick all that apply)

        By business division




10.2a

        Please break down your total gross global Scope 2 emissions by business division

                 Business division              Scope 2 metric tonnes CO2e


                                                         1350000
         Exploration & Production

                                                          270000
         Gas Processing

                                                          144000
         Refining

                                                          36000
         Other



10.2b

        Please break down your total gross global Scope 2 emissions by facility

              Facility               Scope 2 metric tonnes CO2e




10.2c

        Please break down your total gross global Scope 2 emissions by activity
              Activity            Scope 2 metric tonnes CO2e




Further Information




Page: 11. Emissions Scope 2 Contractual

11.1

        Do you consider that the grid average factors used to report Scope 2 emissions in Question 8.3 reflect the contractual arrangements you have with
        electricity suppliers?

        Yes



11.1a

        You may report a total contractual Scope 2 figure in response to this question. Please provide your total global contractual Scope 2 GHG emissions
        figure in metric tonnes CO2e




11.1b

        Explain the basis of the alternative figure (see guidance)




11.2
        Has your organization retired any certificates, e.g. Renewable Energy Certificates, associated with zero or low carbon electricity within the reporting year
        or has this been done on your behalf?

        No



11.2a

        Please provide details including the number and type of certificates

                Type of certificate                 Number of certificates         Comments




Page: 12. Energy

12.1

        What percentage of your total operational spend in the reporting year was on energy?

        More than 0% but less than or equal to 5%



12.2

        Please state how much fuel, electricity, heat, steam, and cooling in MWh your organization has consumed during the reporting year

              Energy type             MWh


         Fuel                    895700000
         Electricity             340000000
         Heat                    4315532
         Steam                   45340000
         Cooling                 0
12.3

        Please complete the table by breaking down the total "Fuel" figure entered above by fuel type

                       Fuels                    MWh


         Natural gas                       3240800000
         Other: Gasoline/Distillates       4500000
         Aviation gasoline                 4325000
         Other: Marine transport           400000



Further Information




Page: 13. Emissions Performance

13.1

        How do your absolute emissions (Scope 1 and 2 combined) for the reporting year compare to the previous year?

        Increased



13.1a

        Please complete the table

                       Reason                     Emissions value (percentage)          Direction of change                     Comment


         Change in output                   2                                       Increase                  Increased Exploration and Production activity
                                                                                                              Reduced emissions and energy efficiency
         Emissions reduction activities     1                                       Decrease
                                                                                                              projects
         Change in output                   0.6                                     Decrease                  Decrease in annual gas processing rate.
                      Reason                        Emissions value (percentage)               Direction of change                         Comment


                                                                                                                         Total of increases and decreases stated in this
        Other: Net Emissions Change           0.4                                          Increase
                                                                                                                         table.



13.2

       Please describe your gross combined Scope 1 and 2 emissions for the reporting year in metric tonnes CO2e per unit currency total revenue

                                                                                           Direction of
          Intensity            Metric            Metric           % change from
                                                                                          change from                         Reason for Change
            figure           numerator        denominator         previous year
                                                                                          previous year


                           metric tonnes                                                                  The change in the emission-to-revenue ratio was driven by a
        0.0003                              unit total revenue   23                       Decrease
                           CO2e                                                                           30% increase in the denominator (total revenue).



13.3

       Please describe your gross combined Scope 1 and 2 emissions for the reporting year in metric tonnes CO2e per full time equivalent (FTE) employee

                                                                                               Direction of
                                Metric              Metric                % change from
        Intensity figure                                                                      change from                        Reason for Change
                              numerator          denominator              previous year
                                                                                              previous year


                            metric tonnes                                                                      The change in emissions-to-employee count ratio
        3200                                  FTE Employee            0                       No change
                            CO2e                                                                               between 2010 and 2011 was less than 0.5%



13.4

       Please provide an additional intensity (normalized) metric that is appropriate to your business operations
                                                                   % change         Direction of
          Intensity         Metric             Metric
                                                                 from previous     change from                              Reason for Change
            figure        numerator         denominator
                                                                     year          previous year


                                                                                                      The calculated increase resulted from a 4% decrease in oil and
                      metric tonnes      barrel of oil
         0.02                                                    5               Increase             gas production (denominator) and a 1% increase in emissions
                      CO2e               equivalent (BOE)
                                                                                                      (numerator).
                      metric tonnes      barrel of oil                                                The calculated increase resulted from a slightly lower refined
         0.04                                                    1               Increase
                      CO2e               equivalent (BOE)                                             production rate.



Further Information




Page: 14. Emissions Trading

14.1

        Do you participate in any emission trading schemes?

        Yes



14.1a

        Please complete the following table for each of the emission trading schemes in which you participate

                                                                                                      Verified
                                      Period for which data is       Allowances    Allowances      emissions in
              Scheme name                                                                                                        Details of ownership
                                              supplied                allocated    purchased          metric
                                                                                                   tonnes CO2e


                               Sat 01 Jan 2011 - Sat 31 Dec
         European Union
                               2011                                  7654321       0               8765432        Facilities we own and operate
         ETS
                                                                                                       Verified
                                     Period for which data is        Allowances      Allowances     emissions in
              Scheme name                                                                                                            Details of ownership
                                             supplied                 allocated      purchased         metric
                                                                                                    tonnes CO2e


                                Sat 01 Jan 2011 - Sat 31 Dec
         European Union
                                2011                                 123456          0              232323           Facilities we own but do not operate
         ETS
                                Sat 01 Jan 2011 - Sat 31 Dec
         European Union
                                2011                                 987654          0              912345           Facilities we operate but do not own
         ETS



14.1b

        What is your strategy for complying with the schemes in which you participate or anticipate participating?

        For the facilities which we own& operate, Oil&GasCompany Inc.' strategy is to invest in on-site energy efficiency projects to directly reduce GHG emissions thereby
        reducing our long-term compliance costs (either by generating emission performance credits or simply a reduction in our cost obligation). For facilities we do not own
        but operate, we have special contracts with owner, in order to reflect value of energy efficiency investment. For the facilities we own, we set minimum standards tha
        have to be met and we participate in part of the investments required to meet those standards.



14.2

        Has your company originated any project-based carbon credits or purchased any within the reporting period?

        Yes



14.2a

        Please complete the following table
                                                                                                                            Number
                                                                                                               Number
                                                                                                                           of credits
                                                                                                                 of
           Credit                                                                                                           (metric
                                                                                                Verified to    credits
        origination                                                                                                         tonnes      Credits       Purpose e.g.
                                    Project type                   Project identification         which        (metric
         or credit                                                                                                          CO2e):      retired       compliance
                                                                                                 standard      tonnes
         purchase                                                                                                             Risk
                                                                                                                 of
                                                                                                                           adjusted
                                                                                                                CO2e)
                                                                                                                            volume


        Credit         Energy industries (renewable/non-        Kailu Taipingzhao Wind
                                                                                                CDM            1200000     1200000      Yes        Compliance
        Purchase       renewables sources)                      Farm Project
        Credit         Various but mainly hydro. HFC and        Numerous project types and     Other: CDM                                          Other: Compliance
                                                                                                               500000      500000       Yes
        Purchase       N2O excluded from origination.           countries of origin            or JI                                               and resale



Further Information




Page: 2012-Investor-Scope 3 Emissions

15.1

       Please provide data on sources of Scope 3 emissions that are relevant to your organization


                                                                                                                                                      If you cannot
                                       metric                                                                                                       provide a figure
            Sources of Scope 3
                                       tonnes                                               Methodology                                              for emissions,
                emissions
                                        CO2e                                                                                                        please describe
                                                                                                                                                           them


                                                    This number is an estimate based on average qualities and average coefficients for differing
        Use of sold products         86000000
                                                   product streams produced by the company.
        Upstream transportation &
                                     300000        The value is based on a reasonable estimate of transportation-related carbon intensity.
        distribution
15.2

        Please indicate the verification/assurance status that applies to your Scope 3 emissions

        Not verified or assured



15.2a

        Please indicate the proportion of your Scope 3 emissions that are verified/assured




15.2b

        Please provide further details of the verification/assurance undertaken, and attach the relevant statements



                  Level of verification or assurance                Relevant verification standard                Relevant statement attached




15.3


        Are you able to compare your Scope 3 emissions for the reporting year with those for the previous year for any sources?



        Yes
15.3a

        Please complete the table



             Sources of Scope 3           Reason for         Emissions value
                                                                               Direction of change                      Comment
                 emissions                 change             (percentage)



                                                                                                     Increase associated with a 7.5% increase in
         Use of sold products         Change in output   3                     Increase
                                                                                                     refinery throughput



CDP 2012 Investor CDP 2012 Information Request

				
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