Schlumberger Sets Net-Zero Goal Including Its Own Emissions (1)

Schlumberger set a net-zero greenhouse gas target that includes its own emissions, a move that sets it apart from rival oilfield services companies with less aggressive climate goals.

The company will zero out its greenhouse gas emissions by 2050, it said Tuesday in a statement. By 2030 it plans to halve its Scopes 1 and 2 emissions -- those produced by Schlumberger or related to the power it consumes -- and to cut by 30% its Scope 3 emissions, which come from the use of its products by customers. The initiative involves minimal reliance on carbon offsets, or credits ...