Oil companies to draw blueprint for net-zero emissions: Report
Committing towards India’s target of net-zero emissions by 2070, state-run oil and gas firms Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and GAIL (India) Limited are preparing detailed roadmaps and are expected to ready it by March next year, according to a report by The Economic Times.
The oil ministry is proactively asking the companies to look into “induction of renewable energy and green hydrogen to offset emissions from operations”. The report added that the firms have been advised to get ready for an energy transition that is likely to eat into the traditional fuel sales business.
