Many US companies are still charting a path through the energy transition and looking at the best ways to reduce their emissions, while looking to ensure their new low-carbon ventures are profitable at scale.

Vice president of energy transition at Baker Hughes, Allyson Anderson Book, said during an event hosted by Rystad Energy this week, the US service provider does not plan to use carbon offsets until all other emission reduction efforts are exhausted

As Baker Hughes boosts the industrial manufacturing side of its portfolio, rather than its oilfield services side, Book said the company will make every effort to decarbonise its processes as much as possible before considering offsets, which likely won’t come into play until 2035.