Repsol Becomes First Oil Company To Aim For Net-Zero Emissions By 2050
Society of Petroleum Engineers 
The Spanish oil and gas company says existing or foreseeable technologies will achieve at least 70% of its ambitious plan to shrink its carbon footprint.
Read full article on JPT: https://pubs.spe.org/en/jpt/jpt-article-detail/?art=6305
The decision was made by the company’s board of directors who seek to bring Repsol’s operations in line with the goals of the Paris Agreement on climate change. Repsol employs more than 25,000 people around the world and produces more than 700,000 BOE/D.
“We are convinced that we must set more ambitious objectives to fight climate change. We believe now it is the right time for Repsol,” said Josu Jon Ima, the chief executive at Repsol. “We do it with the utmost confidence that we invest for the future.”
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