When is a Cargo of Oil Certified Carbon Neutral ?
Posted 27/04/2021 11:07
Sweden s Lundin Energy has sold to Italian refiner Saras what it said is the world s first oil cargo certified as carbon neutral at the point of production, the two companies said on Monday.
Oil companies are increasingly trying to market their products as cleaner in an effort to secure a future for the fossil fuel industry in a world where investors, activists and regulators are demanding action to halt climate change.
While Lundin s crude from the Norwegian Edvard Grieg field was certified as carbon neutral from exploration, development and so-called scope 1 and 2 emissions, the major emissions caused by the oil s final use, or scope 3 emissions, are not included.
Sustainable Business(OFFICIAL) Lundin sells its first carbon neutral oil as climate activism grows
Reuters
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A general view of Equinor s Johan Sverdrup oilfield platforms in the North Sea, Norway, December 3, 2019. REUTERS/Ints Kalnins
Sweden s Lundin Energy (LUNE.ST) has sold to Italian refiner Saras (SRS.MI) what it said is the world s first oil cargo certified as carbon neutral at the point of production, the two companies said on Monday.
Oil companies are increasingly trying to market their products as cleaner in an effort to secure a future for the fossil fuel industry in a world where investors, activists and regulators are demanding action to halt climate change. read more