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North Sea producer NEO embraces decarbonisation
May 6, 2021 6:06:pm
Summary
by: Daniel Graeber
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North Sea producer NEO embraces decarbonisation
North Sea oil and gas producer NEO Energy said May 5 it was now committed to investing in the technology necessary to lower its carbon footprint.
“NEO recognises that climate change is one of the world’s greatest challenges and that it demands thoughtful and urgent action,” the company said.
NEO this week published a low-carbon transition plan that spells out ways it will reduce its carbon emissions. Broadly speaking, it said it would look for ways to reduce the per-barrel carbon intensity of its oil equivalent production by 50% by 2030.
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