Energy giant Enbridge Inc. is urging shareholders at its upcoming annual meeting to vote against a proposal calling on the company to do more to disclose the climate impact of its pipeline business.
The shareholder proposal filed by Investors For Paris, a group that aims to hold publicly traded companies accountable for their net-zero promises, calls on Enbridge to disclose the “Scope 3” or end-use emissions produced by the oil and natural gas it transports in its pipeline network.
Including Scope 3 emissions in their climate disclosures would massively increase the size of the carbon footprint that energy companies must report to investors and the public. “Many shareholders actually understand that Scope 3 isn't just a greenhouse gas reporting metric, it's actually a trend metric showing where the company is going in terms of adopting and responding to the energy transition,” Kenyon said.Scope 3 emissions are an increasing area of focus for shareholder proposals.
“We will proceed with further enhancements to our Scope 3 reporting where accepted definitions for our business exist and decision-useful data is available,” the company said. Canuckle, a Canadian word-guessing game inspired by the mega-popular Wordle, says it hasn't been told to take down its game after some developers recently received notices for alleged copyright violations.After entertaining new entrants for several years, Canada's airline market is once again tracking toward consolidation, raising the likelihood of higher fares and fewer flight options.The Shopping Trends team is independent of the journalists at CTV News.
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