ENV-06-146 Implementing Climate Change Policy in the Refining Industry - Industry Specific Challenges and Lessons Learned

Description:

There has been an increasing regulatory concern regarding greenhouse gas (GHG) emissions and climate change. GHGs have the potential to impact the petroleum refining industry. Many Refining companies have publicly adopted climate change policies and strategies. Through initiatives undertaken by the State of California and the Energy Bill amendment submitted by Senators Joseph I. Lieberman (D-CT) and John McCain (R-AZ), that GHG inventories and reductions may eventually be written into law and become mandatory. An inventory of greenhouse gases is a compilation of a company’s GHG emissions and sources, which can provide solid foundations for commitments to demonstrate innovative technologies and a business case for climate change solutions. Both the U.S. Department of Energy (DOE) and the World Resources Institute / World Business Council for Sustainable Development (WRI/WBSCD) have developed detailed protocols for identifying and calculating GHG emissions. Trihydro will present current best practices to demonstrate how existing guidance and tools of the different protocols can be used by refineries to develop a credible GHG inventory.