OMV says it will stop oil and gas production by 2050 in transformation to net-zero
Green Car Congress
MARCH 26, 2022
Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. In keeping with this strategic shift of business, OMV will reduce its oil and gas production by around 20% by 2030 and will completely cease oil and gas production for energy use by 2050.
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