PetroChina pledges to cut emissions by 2050 after first-half plunge due to Covid-19
Asia’s largest oil and gas producer will spend 3-billion to 5-billion yuan annually on sectors such as solar, hydrogen and natural gas power
27 August 2020 - 16:38
Singapore/Beijing — PetroChina pledged on Thursday to cut emissions to near zero by 2050, as it reported a plunge to a first-half net loss of 29.98-billion yuan ($4.36bn) on lower oil prices and a hit to demand from the Covid-19 crisis.
Asia’s largest oil and gas producer vowed to boost clean energy investments over the next five years, like global peers such as BP and Total, in an effort to tackle climate change...
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