More oil and gas companies going green

BIMB noted that Petronas’ recent announcement toward achieving net zero carbon emission by 2050 will also help drive more transformative innovation towards decarbonisation efforts given the group’s significant role in the O&G industry.

KUALA LUMPUR: Amid greater calls to address the climate change agenda, more local oil and gas (O&G) companies are taking steps to prepare for a greener future, including through commitments to reduce carbon emission and diversifying their investments into renewable energy (RE) assets.

Notably, O&G companies have been targets for scrutiny as they are seen to be operating in a highly carbon intensive business.