Calculating Carbon-Levered Earnings

In thinking about higher oil prices today, and in scanning an interesting related story at Institutional Investor about proxies demanding more information on public company carbon usage, I got to wondering about something:

In the same way that hedge funds are being urged toward more transparency on how much of their alpha is tied to leverage, how long will it be until companies are pushed to do the same thing with oil?

Wouldn’t you like to know how carbon- (or oil-) levered your favorite stock’s profits are?