Another Oil Major Is Betting Big On Renewables ...Middle East

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Another Oil Major Is Betting Big On Renewables
source : OILPRICE ( Middle East ) () 13
Spain’s oil major Repsol plans to reduce its oil business operations and increase five times its renewable energy portfolio by 2030 as part of its latest strategic plan unveiled on Thursday.  Repsol was the first oil major anywhere in the world to announce late last year a target to become a net-zero emissions company by 2050. This was back in December 2019 and before the COVID-19 pandemic slashed demand for oil and fuels in 2020. This year, Repsol was followed by all major oil firms based in Europe, including BP, Shell, Total, Eni,…

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