Making the transition to lower carbon energy
We support the objectives of the Paris Agreement and the policies and actions that will help Australia meet its greenhouse gas emission reduction commitments.
The traditional energy forms such as liquid fuels and lubricants we supply will continue to play a critical role and provide energy security in Australia’s economy as the transition to a lower-carbon future occurs. Our approach to the energy transition is to support our customers to reduce their greenhouse gas emissions while pursuing opportunities in emerging and transitional lower carbon energies, and commitment to reducing our own operational (Scope 1 and 2) emissions to net zero by 2050.
As part of this, we are committed to medium-term 2030 emissions reduction targets for our operational Scope 1 and 2 emissions, from a FY2019 base year:
Net zero across our Retail, Fuels and Marketing (all non-refining parts of the business)
10% reduction in emissions intensity at the Geelong Refinery
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