) pledged on Monday to reduce net carbon emissions from its operations and most of its products to zero by 2050 and absorb a 4.8 billion euro hit to the value of its oil and gas assets in the process.
Repsol announced its target as delegates opened a United Nations climate summit in Madrid aimed at injecting fresh impetus into the accord, which enters a crucial implementation phase next year. A Repsol spokesman said the new target covers 95% of the emissions released by the use of products it sells, which are complex to account for and have become a key issue for shareholders.
Repsol said it could reach at least 70% of its goal using technology that was already developed or nearly mature, and then would implement carbon capture, use and storage to raise that figure, and turn to natural sinks if necessary.
ok
I'll take a country/company that says it will cut pollution by 10-15% in 2 years over any lofty goal promised in a generation from now.
Good luck.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU leaders to push for climate neutrality by 2050: documentEuropean Union leaders meeting in Brussels next week will push to agree to put t... Going to be broke by 2035. And nothing they do will offset what China and India are doing. Brilliant. They won't be alive to see that through! It has to start right now, this month! This very week!
Source: Reuters - 🏆 2. / 97 Read more »
EU leaders to push for climate neutrality by 2050: documentEuropean Union leaders meeting in Brussels next week will push to agree to put t... Going to be broke by 2035. And nothing they do will offset what China and India are doing. Brilliant. They won't be alive to see that through! It has to start right now, this month! This very week!
Source: Reuters - 🏆 2. / 97 Read more »
DHL will debut a fully electric delivery van in the US next year - Business InsiderDHL isn't an outlier in its electric mobility efforts, as logistics giants across the globe are enacting their own strategies to reduce emissions and costs:
Source: BusinessInsider - 🏆 729. / 51 Read more »
At COP25, policymakers will try to lay plans for a global carbon marketMore co-ordination between the world’s carbon markets would be welcome Love to see Québec within California... Shutting down carbon emitters would be even better. Sounds like a scam to me
Source: TheEconomist - 🏆 6. / 92 Read more »
UK manufacturers cut jobs at fastest rate since 2012: PMIBritish manufacturers cut jobs last month at the fastest rate since 2012, a surv... More WINNING from CadetBoneSpurs Is that in response to a slow down in business and the economy or a fast way for companies to cut costs and make more profit.
Source: Reuters - 🏆 2. / 97 Read more »