Oil India Ltd aims to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its 2040 net zero carbon emissions goal, said two sources familiar with state-run energy companies’ net zero strategy.
The companies are investing billions of dollars in projects aimed at reducing emissions as one of the world’s biggest emitters of greenhouse gases, aims for zero by 2070.
State-run energy companies – Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, GAIL (India) Ltd, Oil and Natural Gas Corp have already announced their net zero goal.
