Aramco’s first sustainability report pledges to reduce upstream carbon intensity by 15%

RIYADH: Saudi Aramco plans to reduce its upstream carbon intensity by at least 15 percent to 8.7 kilograms of carbon dioxide by 2035, the oil giant said in its first sustainability report released today.

As part of its pledge to achieve operational net-zero ambition, Aramco said its greenhouse gas emission initiatives aim to reduce or mitigate more than 50 million metric tons of carbon dioxide equivalent annually by 2035. The company said in its report that its goal is to capture, utilize or store 11 million metric tons of carbon dioxide equivalent annually by 2035.