Insight - First ungainly steps toward climate neutrality

Part disclosure: Aramco’s natural gas liquid recovery plant in Hawiyah. The company has stuck to revealing emissions only from assets it controls, excluding multiple joint ventures in refineries and chemical plants. — Bloomberg

PETROLEOS Mexicanos left investors with more questions than answers after it announced in late July that it would be disclosing its greenhouse gas emissions on a more regular basis – then refused to discuss why they’d soared by double-digits from April to June, compared to a year ago.

The moment was awkward to say the least, but analysts also welcomed it as a first wobbly step in a segment of the fossil fuel industry that’s still refining its green marketing strategy.