When little or no transparency on underlying risk, stock price MOVEMENT IS LIMITED – OR DELAYED

Sempra's Invisible Aliso Canyon Methane Disaster

Blowout at SoCal, a subsidiary of Sempra Energy (SRE, a Fortune 500 company)
October 2015 - February 2016

CLIMATE impact GREATER THAN DEEPWATER HORIZON

First invisible methane plume detected from space: 2016 Sempra Energy  Aliso Canyon Disaster  – but not published until later. Far bigger global warming impact than Deepwater Horizon. Photo:  NASA Earth Observatory  (via infrared spectrometer)

First invisible methane plume detected from space: 2016 Sempra Energy Aliso Canyon Disaster – but not published until later. Far bigger global warming impact than Deepwater Horizon. Photo: NASA Earth Observatory (via infrared spectrometer)

  • 100,000 tons of methane – 2nd largest leak in US history

  • Impact on climate equivalent of annual emissions of half a million cars

  • Far bigger warming effect than 2010 BP Deepwater Horizon disaster in Gulf of Mexico


Transparency can move markets

By revealing true impacts of catastrophic environmental events such as Aliso Canyon MethaneScan® may make the connection between disasters and financial risk from lawsuits or reputation loss stronger and more immediate. Such transparency also may benefit sustainability leaders in the oil and gas sector vs. higher emitting peers.

Source: Journal of Environmental Investing (September 2017) by Geofinancial Analytics team members