Saudi Aramco pledges to reach net-zero emissions by 2050

The world's largest oil exporter sets a net climate neutrality target for Scope 1 and 2 emissions from midcentury – however omitting Scope 3, accounting for more than 80 percent of carbon pollution stemming from Saudi Arabia's state-owned oil giant.

Photo: Ahmed Yosri/Reuters/Ritzau Scanpix

Saudi Aramco, the world's biggest exporter of oil, set a goal of reaching net-zero emissions from its wholly-owned operations by 2050.

The target excludes emissions from customers burning its crude, but is a decade sooner than a government timetable for the kingdom. "We understand the goal will be complex and will have challenges, but we will meet them," Chief Executive Officer Amin Nasser said at the Saudi Green Initiative conference in Riyadh on Saturday.

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