Malaysian state-owned energy firm Petronas has declared that it will be carbon neutral by 2050. The company’s president and group chief executive Tengku Muhammad Taufik announced the news during a townhall meeting. Petronas becomes the first oil company in Asia to set a net zero target, and follows the likes of international majors Shell, Total, and BP, which have also set decarbonisation goals in the last year following increasing pressure from consumers and shareholders to respond to the climate emergency. “Net zero carbon emissions 2050 will stretch Petronas’ efforts to reduce carbon emissions to net zero and create new and inclusive opportunities that contribute towards an equitable socioeconomic development,” the company said in a statement. Taufik said: “We are making this commitment to make a positive change not only to ride the energy transition but because a fundamental shift is needed and the organisation wants to be part of the solution, for the world that yearns for a path towards a more sustainable future.”

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