"U.S. drillers and refiners will likely need to report estimated greenhouse gas emissions from the cars, trucks, planes and ships that use their fuel if a rule proposed by U.S. regulators on Monday passes later this year, according to industry analysts.

Climate-conscious investors have long called for publicly traded companies to be transparent about the full impact of their businesses on global warming, which the investors view as a critical first step in improving the environmental effects of the companies' operations.

The Securities and Exchange Commission on Monday unveiled a long-anticipated draft rule that would require companies to disclose greenhouse gas emissions not just from their own facilities and those that power them - known as Scope 1 and Scope 2 emissions - but also the emissions generated by partners and end-users outside the company's direct control - known as Scope 3 - if it is considered "material.""

Laura Sanicola reports for Reuters March 23, 2022. [2]