Drawbacks To Mandatory Reporting
Carbon reporting is a task that is rarely done in the business world today and book keeping of how much carbon is emitted presents a daunting challenge for some companies. That is why there are several organizations that oppose this proposition. Many of them are in the energy producing or providing realm of industries. These industries argue that since they heavily rely on smaller facilities that are located in remote areas, it will cost significantly more than other sectors to implement changes. The EPA estimates that rule of mandating carbon emission reporting will cost the oil and gas industry $62 million for the first year and $19 million in subsequent years. Most oil and gas companies expect this rate to be higher. According to some oil companies’ estimates the rate could range from somewhere between $100 million and $850 million on data management software alone.
Read more about this topic: Carbon Emissions Reporting
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