In March 2022, we launched our first Energy Transition Plan
Your first plan was written only last year? Better late than never, I suppose.
Halve emissions from our operated fields
Greenwashing. Honourable target but insignificant compared with the emissions from the use of the product.
Reduce net carbon intensity by 20%, including emissions from the use of the products we sell
Only 20%? By 2030? Come off it. And saying 'net' is elegant wordsmithing and we know what you're up to. 'Net' is the result of adding up your emissions and then subtracting those emissions that are removed through absorption or sequestration - including offsetting schemes. Saying 'net' is a licence to carry on business and usual and paying the relatively paltry sum for the privilege.
We know that our emissions must be reduced
Greenwashing. Honourable aspiration but insignificant compared with the emissions from the use of the product.
high-quality offset mechanisms
90% of offsetting schemes are junk and not worth the paper they are written on. Offsetting schemes involving reforestation are already being destroyed by wildfires.
as soon as a well-functioning market is in place for the private sector.
This is PhD-level greenwashing and achieves absolutely nothing in the short or medium term.