For combustion GHGs: as consumers shift to cleaner/better technologies, demand diminishes and growth is no longer possible (unless the company moves into other lines of business). This is fundamentally a different and more potent type of investment risk.

The lack of agency around Scope 3 is often used as an excuse not to report or do something about it. Yet this lack of agency is *exactly why* these GHGs carry higher investor risk -- particularly for combustion GHGs (known as Category 11).