The mining industry is particularly exposed to new regulations that mandate companies report on their Scope 3 emissions, and rising pressure from banks and investment institutions to cut their ‘financed emissions’. Mining is responsible for 5 Gt CO2e in Scope 1 and 2 emissions; 90% of which is fugitive coal-bed methane released during coal extraction. Yet Scope 3 emissions dwarf those emissions directly within miners control.
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Scope 3 forces mining companies into rethink
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The mining industry is particularly exposed to new regulations that mandate companies report on their Scope 3 emissions, and rising pressure from banks and investment institutions to cut their ‘financed emissions’. Mining is responsible for 5 Gt CO2e in Scope 1 and 2 emissions; 90% of which is fugitive coal-bed methane released during coal extraction. Yet Scope 3 emissions dwarf those emissions directly within miners control.