How do companies calculate the CO2 emissions of things like banks and pensions schemes, and why does the figures differ so much between the different online calculators?
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Banks and pension scheme have no actual emissions. What they are trying to express is that banks and pension scheme invest in carbon or greenhouse gas producing operations. Pensions invest in fossil fuels as well as green alternatives. The green alternative have a low rate of return, proven by the amount of subsidies necessary for them to to stay profitable.
The gren alternatives actually have a higher greenhouse producing foot print that take a long time to recover. The manufacturing involved in solar panels requires the glass to be etched with acid. Some of the acid is recycled but yet large amount cannot be captured and go either into the atmosphere or wasted. If you research the manufacturing process, it will scare you how toxic waste is produced in solar panel manufacturing.
The manufacturing of wind power items is just as worrisome. The amount of energy and mined material for the process is also scary. The carbon footprint for these alternatives is enormous per installation. Look at Googles dessert experiment. https://www.google.com/search?q=googles+solar+farm&client=firefox-b-1-d&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiToLiLw7TiAhUnJTQIHUeADQ0Q_AUIDygC&biw=1088&bih=491
How much toxic waste and manufacturing was used to produce this failure. It did not provide 1/20th of the energy Google said it would. It was such a failure that Google sold it at billions of dollars of lose.
So the investments banks and pensions make determines their carbon footprint. The industries, agriculture, manufacturing. So one pension plan could produce a large carbon foot print by investment in auto industry one quarter and the next quarter invest in flowers. Different carbon footprints.
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