Repsol to cut carbon emissions to net zero by 2050 at $5.3 billion cost
by Ashifa Kassam and Isla Binnie

Reuters    Translate This Article
2 December 2019

On 2 December 2019 Reuters reported: Spain's Repsol pledged on Monday [2 December] to reduce net carbon emissions from its operations and most of its products to zero by 2050 and absorb a 4.8 billion euro ($5.3 billion) hit to the value of its oil and gas assets in the process. Describing the move as an industry first, Repsol said it wanted to lead a wider transition to renewable energy, in line with the goals of the 2015 Paris Agreement to avert catastrophic climate change. Global Good News service views this news as a sign of rising positivity in the fields of science and business, documenting the growth of life-supporting, evolutionary trends.

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