Saudi Aramco targets net zero emissions from operations by 2050

SINGAPORE (ICIS)–Saudi Aramco, the world’s biggest oil exporter, is targeting net zero greenhouse gas emissions across its operations by 2050.

Details of the plan will be disclosed at the company’s Sustainability Report to be released in the second quarter of next year, the company said in a statement.

The company’s targets are aligned with Saudi Arabia’s goal of hitting net-zero emissions by 2060.

“The road ahead will be complex, as the world’s transition to a more sustainable energy future will require collective action and major technological breakthroughs,” Saudi Aramco president and CEO Amin Nasser said.

“But we remain focused on delivering reliable and affordable energy, investing for the long term as our efforts to further reduce emissions gain momentum,” he said.

Saudi Aramco will release its third-quarter financial results on 31 October/1 November.