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Fossil-fuel giant Repsol targets net-zero emissions in strategic shift

“Spanish oil, gas and chemical company Repsol S.A. is aiming to cut emissions to net-zero by 2050 and said it would take a multibillion euro impairment charge against its oil and gas assets” writes Max Bernhard for It now “expects a gradual decarbonization of the economy, a reduction in the expectations of future oil and gas prices and the increase of expected costs for future CO2 emissions,” it said.New businesses would take on “a more ambitious objective of low carbon power generation by 2025,” the company said.

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