Glencore, a mining and trading group, aims to reduce industrial assets' carbon emissions by 25% by 2030 and targets a 50% reduction in CO2e emissions by 2035. Glencore remains committed to responsibly phasing down its coal portfolio. However, the company recorded a significant increase in CO2 emissions due to expanded coal production and reopening of an oil refinery in South Africa.
Shell weakened a 2030 carbon reduction target and scrapped a “perilous” 2035 objective, citing expectations for strong gas demand and uncertainty in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050. https://t.co/xj8A5sEFmi
Mining and trading group Glencore recorded a big increase in carbon emissions last year after it expanded coal production and restarted an oil refinery in South Africa that was closed by an explosion. https://t.co/8vxNwua94o
Mining group Glencore records big rise in CO₂ emissions https://t.co/AvyN6LJRyC
#Glencore undeterred on #coal goals: “We remain committed to the responsible phase-down of our coal portfolio. We recognise the different roles of thermal coal and steelmaking coal – and the different transition pathways for both.”
Glencore’s update climate action transition plan sets goal of 50% reduction in Scope 1, 2 and 3 industrial CO2e emissions against a restated 2019 baseline by the end of 2035
Glencore aims to cut industrial assets' carbon emissions by one-fourth by 2030 https://t.co/FsyfqHUihA https://t.co/8FYYGJKC9Q