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| Name | Symbol | Market | Type |
|---|---|---|---|
| Omv Ag Bearer (PK) | USOTC:OMVKY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0695 | -0.59% | 11.77 | 11.76 | 12.00 | 12.00 | 11.77 | 12.00 | 4,215 | 21:00:29 |
From May 2019 to May 2024
By Giulia Petroni
OMV AG said Wednesday that it has set new climate goals as it achieved its previous carbon-intensity targets ahead of schedule.
The Austrian oil-and-gas company said it expects to reach net-zero greenhouse gas emissions for its operations--scope 1 and 2--by 2050 or sooner through energy efficiency measures, new technologies and portfolio optimization.
To achieve this target, OMV aims to reduce its carbon intensity by at least 30% by 2025 through a reduction of at least 60% for upstream and 20% for refining compared to 2010 levels.
The company added a share of at least 60% of zero or low carbon products will be part of its portfolio by 2025, which will result in a reduction of the product portfolio's--scope 3--carbon intensity by at least 6% compared to 2010.
OMV said it would provide more details at the strategy update in 2021.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 29, 2020 05:49 ET (09:49 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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