07 November 2022
BPCL targets net zero by 2040
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The state-refiner plans to scale up its renewable energy portfolio to 10 GW by 2040 - the year it is targeting net-zero carbon emission, chairman Arun Kumar Singh has said.
Addressing the company's annual shareholders' meeting, he said BPCL is diversifying and expanding into adjacent and alternate businesses, which will not only provide additional revenue streams but also offer a hedge against any decline in the oil and gas business.