Ecopetrol announces commitment and plan to achieve net zero carbon emissions by 2050

By 2030, Ecopetrol seeks to reduce its CO2e emissions by 25% as compared to the 2019 baseline for Scopes 1 and 2, which correspond to direct and indirect emissions associated with the purchase of energy. In addition, Ecopetrol will seek to reduce 50% of its total emissions (scopes 1, 2 and 3) associated with the company’s value chain, which includes the use of its products, by 2050. Progress on these goals is expected to be reported periodically in line with Company’s earnings results.

Source: Yahoo Finance