Energy & Science
Schlumberger Sets Net-Zero Goal Including Its Own Emissions
- Plan sets it apart from rivals with less aggressive targets
- Energy industry is under pressure to address climate change
This article is for subscribers only.
Schlumberger set a net-zero greenhouse gas target that includes its own emissions, a move that sets it apart from rival oilfield services companies with less aggressive climate goals.
The company will zero out its greenhouse gas emissions by 2050, it said Tuesday in a statement. By 2030 it plans to halve its Scopes 1 and 2 emissions -- those produced by Schlumberger or related to the power it consumes -- and to cut by 30% its Scope 3 emissions, which come from the use of its products by customers. The initiative involves minimal reliance on carbon offsets, or credits that allow companies to pay someone else to cut emissions elsewhere.