Pathway 5.

Electricity Decarbonization → Phasing Out the Use of Fossil Fuels for the Generation of Electricity

5.7.16 Stranded Assets and Climate Disclosures

LPDD Recommendation: “The federal government, states, or the private sector could require companies to consider the possibility that their fossil fuel-related assets would be stranded, before making investment decisions.”

LPDD Recommendation: “State PUCs should consider the possibility of stranded assets when assessing proposals for fossil fuel infrastructure that will be paid for by ratepayers, such as electric transmission lines and (in states where electric utilities are still vertically integrated) generating facilities.”

LPDD Recommendation: “CEQ should reinstate its 2016 guidance for considering GHG emissions in NEPA review.”

22 Resources Found, Displaying 11 thru 20

PRI’s Climate Disclosure Guidance

Jurisdiction: Private Entities

The Principles for Responsible Investment is an investor initiative that provides guidance on assessing environmental and climate related risks.

GRI Disclosure Standards

Jurisdiction: Private Entities

An independent international organization promulgating Sustainability Reporting Standards.

CDP Disclosure Services

Jurisdiction: States and State Governments, Local Governments, Private Entities

CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

New York Order on Incorporating Climate Impacts Into System Planning

Jurisdiction: State Public Utility Commissions

Prompted NY utilities to undertake climate change vulnerability assessments.

SEC Guidance Regarding Disclosure Related to Climate Change

Jurisdiction: Individual Agencies

The SEC promulgated a 2010 interpretive release on disclosure requirements related to climate change, requiring that companies disclose risks from decreased demand for carbon-intensive goods and services.

Report, Prospects for Gas Pipelines in the Era of Clean Energy

Jurisdiction: Private Entities

Finding that, by 2035, over 90 percent of currently proposed combined-cycle gas plants, if built, would be uneconomic to run compared to the cost of building a new clean energy portfolio.

Report, Limiting fossil fuel production as the next big step in climate policy

Jurisdiction: States and State Governments

A proposal modeling the climate impacts if California’s Division of Oil, Gas, and Geothermal Resources were to cease issuing permits for new, discretionary oil wells.

Report, Reporting for a Secure Climate: A model disclosure for upstream oil and gas

Jurisdiction: Private Entities

The Carbon Tracker Initiative has prepared a 2019 report on model disclosures for upstream oil and gas, noting that current accounting and disclosure practices offer investors little visibility over the risk that oil and gas assets will be stranded.

Report, Stranded Assets: A Climate Risk Challenge

Jurisdiction: Private Entities

Offered best practices for managing investments with environmental risks, conducting risk and vulnerability studies, and reviewed cases studies including the U.S. coal crash.

Proposed Climate Risk Disclosure Act of 2019

Jurisdiction: Congress

Would require disclosure to the SEC the total amount of a company’s fossil fuel-related assets, how the valuation of those assets will be affected by climate change and an explanation of how they are managing risks to those assets.