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Aramco aims for net zero emissions from operations by 2050, CEO says

RIYADH (Reuters) -Saudi Aramco aims to achieve net zero emissions from its operations by 2050 while also expanding its maximum sustained production capacity to 13 million barrels per day, Chief Executive Amin Nasser said on Saturday. Nasser also warned that global spare capacity of crude was declining fast and there was a need for more investment, saying “demonising” the hydrocarbon industry was counterproductive to ensuring stable energy supplies. “Saudi Aramco will achieve the ambition of being net zero from our operations by 2050,” Nasser told the Saudi Green Initiative summit, where the kingdom’s crown prince earlier announced the Gulf Arab state would achieve net zero by 2060.

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