US oil and gas producer achieves net zero emissions in 2021 via V2005 offsets

Published 21:00 on September 27, 2022  /  Last updated at 21:00 on September 27, 2022  /  Americas, International, US, Voluntary  /  No Comments

A Texas-based fossil fuel company achieved net zero Scope 1 emissions last year by retiring carbon credits dating back to the mid-2000s from Carbon Capture and Storage (CCS) projects used for Enhanced Oil Recovery (EOR), according to the company’s 2022 sustainability report released Monday.

A Texas-based fossil fuel company claimed net zero Scope 1 emissions last year by retiring carbon credits dating back to the mid-2000s from carbon capture and storage (CCS) projects used for enhanced oil recovery (EOR), according to the company’s 2022 sustainability report released Monday.

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