Bloomberg Law
Oct. 13, 2022, 4:47 PM

Oil Industry Cooling to Net-Zero Targets on Regulatory Worries

Raeedah Wahid

Oil-industry adoption of so-called net-zero emission targets is slowing in anticipation of tougher regulatory scrutiny, according to Haynes & Boone LLP and EnerCom Inc.

The number of drillers committed to eliminating greenhouse-gas emissions has leveled off at 23%, according to a survey of 30 US onshore oil and natural gas companies conducted by Haynes and industry consultant EnerCom.

Roughly half of the companies that have adopted net-zero goals are only targeting so-called Scope 1 emissions -- those emanating from internal operations and plants, according to the survey released on Thursday. The timelines for achieving targets range as far in the ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.