Repsol will dedicate 35% of its investments by 2025 to low-carbon initiatives as it moves towards net zero emissions by 2050.

The Spanish energy company’s upstream business has the stated objective of reducing its CO2 emissions intensity by 75% between 2021 and 2025. Carbon capture and storage will play a key role in developing new projects, with projects such as Sakakemang in Indonesia, which will be among the largest of its kind in the world.

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