This is an excerpt from EERE Network News, a weekly electronic newsletter.

March 30, 2005

DOE Releases Revised Greenhouse Gas Reporting Guidance

DOE released revised guidelines for voluntary reporting of greenhouse gas emissions, sequestration, and emission reductions on March 22nd. Under the revised guidelines, utilities, manufacturers, and other businesses that emit greenhouse gases will be able to register their emission reductions achieved after 2002 if they also provide entity-wide emissions inventory data. The new guidelines also allow reporting greenhouse gas emissions and carbon sequestration in the forest and agriculture sectors, using information provided by the U.S. Department of Agriculture (USDA). Small entities, such as farms and small businesses, will be encouraged to participate through simplified reporting and registration provisions. See the press releases from DOE and the USDA.

The guidelines were published in the Federal Register on March 24th for a 60-day public comment period and are expected to become effective in late September. Two public workshops on the revised guidelines will take place in April and May. For more information on the workshops and guidelines, see the DOE Office of Policy and International Affairs Web site.

The new guidelines coincide with a commitment by six U.S. oil and gas companies to increase their actions regarding climate change. According to the Coalition for Environmentally Responsible Economies (CERES)—a coalition of investment funds, environmental organizations, and public interest groups—the six companies will take a range of actions, including disclosing their operational greenhouse gas emissions; disclosing the greenhouse gas emissions from the use of their products; setting absolute greenhouse gas emission goals and reduction targets; increasing investments in low- and no-carbon energy technologies, including renewable energy and carbon sequestration; integrating climate risk into core business strategies, including factoring carbon costs into capital allocation decision-making; and assigning their boards the direct responsibility to oversee corporate strategies regarding climate change. The six companies include Andarko Petroleum, Apache Corporation, ChevronTexaco, Marathon Oil, Tesoro Corporation, and Unocal. For a list of specific actions to be taken by each company, see the CERES press release.