Finnish Refiner Neste Says It Won’t Meet 2035 Oil Exit Goal

Finland’s Neste Oyj is scaling back some of its climate targets and doesn’t expect to stop using crude at its only oil refinery by 2035 as previously guided.

Neste had pledged a “very ambitious” target for achieve carbon neutral production by that year, but it now expects to reduce greenhouse gas emissions in its own operations — known as Scope 1 and 2 — by 80% by 2040, according to a statement on its website. Neste’s share rose.