Swedish energy provider Lundin Energy has hastened its carbon neutrality ambitions by committing to absolute operation emissions being reduced by over 50% by 2023.
Following its pledge of $800m to reaching carbon neutrality, Lundin also intend to neutralise its scope 1, 2 and 3 supply chain emissions entirely by the same date.
Through the use of natural carbon capture projects and carbon credit offtake agreements, the company aims to further reduce or neutralise future emissions.
Electrification of the company’s main producing assets will cause the its emissions intensity to equate to around 1kg of CO2 per BoE2 (barrel of oil equivalent squared), over 15 times better than the industry average.
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