VIDEO: How do we utilize renewables to support a lower-carbon future?
Solar and wind energy among key investments to help us achieve net zero Scope 1 and 2 ambitions.
How do we utilize renewables to support a lower-carbon future?
As part of our ambition to achieve net zero Scope 1 and 2 greenhouse gas emissions (GHG) across wholly-owned operated assets by 2050 we identify and focus on five key pillars.
Energy efficiency (up to 11 MMtCO2e)
Flaring and methane (up to 1 MMtCO2e)
Renewables (up to 14 MMtCO2e)
Carbon capture and storage (up to 11 MMtCO2e)
Carbon offsets (up to 16 MMtCO2e)
MMtCO2e = million metric tons of CO2 equivalent
Renewable energy, including power from solar and wind, is an energy source required under any energy transition scenario.
We support the increase of generation capacity of renewables through investing in 12 gigawatts (GW) of solar and wind energy by 2030.
We joined a consortium led by ACWA Power, and in partnership with PIF, to develop the 1.5 GW Sudan solar plant.
We will use the allocation of renewable energy credits from these investments toward offsetting the emissions associated with power supplied to our operations.
We aim to help meet the world’s growing energy demand while working toward exploring pathways to support a lower-carbon future