Saudi Aramco’s Ras Tanura oil refinery and terminal. Many refineries operated by the world’s biggest oil company have been excluded from its disclosure of greenhouse emissions. Photographer: Simon Dawson/Bloomberg Before it launched the world’s biggest public listing, Saudi Arabian Oil Co. promised potential investors a small piece of a trillion-dollar company with access to unrivaled oil reserves. Not just in sheer volume but in climate friendliness, too. Aramco executives emphasized in the run-up to an IPO in 2019 that drilling Saudi oil generates fewer planet-warming emissions than other producers. “Not because our crude is cleaner than other crudes globally. It’s because of our standards,” Chief Executive Officer Amin Nasser said at a roadshow, pledging to do even more to deliver lower-carbon oil. “Even though our numbers are great, climate change is critical for the world.” But Aramco’s accounting for greenhouse gas fails to provide a complete picture. The Saudi […]