Europe’s leading independent oil and gas company, Wintershall Dea, has announced its ambitious climate change plans with targets of achieving net-zero operations by 2030, according to a press release.
The company intends to invest around EUR 400 million in reducing and offsetting greenhouse gas emissions. In addition to targeting net-zero operations by 2030, Wintershall Dea will reduce its corporate methane intensity to 0.1% by 2025 as a further emission-reducing measure.
Talking about the announcement, Mario Mehren, CEO of Wintershall Dea, said: “We are realistic. The amounts of CO2 released in our activities are small compared with the CO2 emissions produced by the combustion of oil and gas. But reduce emissions that arise directly from our operations to net zero is a contribution that we can and want to make ourselves”.
Wintershall Dea has set out a comprehensive approach with a focus on a handful of areas such as pursuing natural gas and crude oil reservoirs that can be produced relatively CO2-efficiently. This, combined with strict emissions management, will seek to reduce 50% of the company’s CO2 emissions.