Rosneft Oil : Sets 2035 Target to Cut Upstream Emissions by 30%

By Ian Walker

Rosneft Oil Co. on Monday set out its climate goals through to 2035, setting itself a target to reduce upstream emissions by 30% and methane emissions to below 0.25%.

The Russian oil company said that to reduce emissions from its products the company will continue to expand its compressed natural gas offering at retail sites while reviewing options to manufacture new green and clean fuels, such as hydrogen, bio-diesel and sustainable aviation fuel.

It said that as well as these objectives, the company plans to look for extra ways to achieve net carbon neutrality by 2050.

"As one of the leaders of the global energy sector, with a vast and efficient resource base we set a goal in our 2035 Carbon Management Plan to reduce greenhouse gas emissions and produce more energy with less environmental impact," Chairman and Chief Executive Igor Sechin said.

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(END) Dow Jones Newswires

12-21-20 0802ET