Energy companies can now share traceable information about the emissions that were generated when their oil was produced thanks to a new platform provided by exchange operator Xpansiv, which is betting that corporate climate targets will stoke demand for fuel with a smaller carbon footprint.

The long-term objective is “to transform the energy sector at scale,” said Jeff Cohen, Xpansiv’s director of sustainability.

Lundin chief executive Nick Walker said the company has won customers thanks to its emissions profile, and is able to charge a small premium for its oil. “The world is trying to decarbonize and people are willing to pay,” he said.