ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk unveils design of methanol vessels

For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.

Further reading

Related articles

Latest news

See all jobs