PetroChina has set a goal to peak its carbon emissions by 2025 and reach ‘near-zero’ level by 2050. Photo: Bloomberg
PetroChina has set a goal to peak its carbon emissions by 2025 and reach ‘near-zero’ level by 2050. Photo: Bloomberg

PetroChina picks up renewable energy development pace to meet nation’s climate goals as it unveils record profit

  • PetroChina, the country’s largest oil and gas producer, posted a 55.3 per cent year-on-year jump in first-half profit to US$12 billion
  • Company won permits to install 5.36 gigawatts of wind and solar farms and 11.2 million square metres of geothermal projects in the first half

PetroChina has set a goal to peak its carbon emissions by 2025 and reach ‘near-zero’ level by 2050. Photo: Bloomberg
PetroChina has set a goal to peak its carbon emissions by 2025 and reach ‘near-zero’ level by 2050. Photo: Bloomberg
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