Conoco Takes Ax to Emissions

摘要

ConocoPhillips made headlines this week with its $13 billion announced acquisition of Concho Resources (OD Oct.19’20). But of equal note is its now-upsized carbon emissions targets for the next decade — and its decision to become the largest US producer to commit to net-zero ambitions for 2050. "We have to do our part to reduce emissions while helping to meet the demand for energy globally,” Conoco CEO Ryan Lance said Monday. Conoco married its Concho deal announcement with a pledge to more aggressively address the operational emissions of the now-larger company the acquisition will create.