We pledge to net zero emissions by 2050

Energean has been the first London listed E&P company to commit to becoming a net zero emitter by 2050.


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Our strategy: 


Short-term plan - next 5 years

 

- Get engaged in the Carbon Disclosure Project (CDP) in 2020.

 

-Disclosure of climate related information following the Task Force on Climate related Financial Disclosures (TCFD) recommendations in 2020

 

- Engage with organizations working on the transition to a low carbon future.

 

- Support and motivate costumers and contractors to a low carbon utilization future.

-Increase the efficiency of production installations by optimizing performance. 

- Increase the use of low or zero carbon electricity. We have already agreed with Greece's PPC to purchase for the Prinos asset electricity that is generated 100% by renewables. This agreement has driven a 100% reduction in the asset’s Scope 2 carbon emissions and an approximate 45% reduction of Scope 1 & 2.

- Strengthen our low carbon portfolio by increasing gas production to 80%, following close of the Edison E&P transaction.

- Reduce our carbon emissions intensity by 70% by 2022, following close of the Edison E&P transaction.

Medium-term plan - by 2035

- Innovation projects for using industrial carbon emissions to produce goods.

- Further increase the use of low carbon energy.

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Long-term plan - by 2050

 

-Carbon Capture Storage and Utilization.

 

-Reforestation, Afforestation and Forests Conservation.

 

-Negative Emissions Technologies.