Singapore, 5 December 2023 – Puma Energy signed up to the Oil and Gas Decarbonization Charter, an initiative launched by the Presidency of COP28. The charter is aimed at motivating oil and gas companies to accelerate their decarbonization efforts.
Puma Energy joins 50 other National and International Oil Companies that signed up to the charter at the United Nations Framework Convention on Climate Change COP28 Summit in the United Arab Emirates this week.
The initiative sets three main aims for its members: to achieve net zero emissions in Scopes 1 and 2 by or before 2050, to achieve near-zero upstream methane emissions by 2030, and to achieve zero gas routine flaring by 2030.
As part of the Charter, members have committed to monitor, publish and verify the progress achieved, in accordance with internationally recognized frameworks.
Puma Energy CEO Hadi Hallouche said, “Puma Energy is pleased to join over 50 other major energy players in the Oil and Gas Decarbonization Charter and we commend the COP28 Presidency for bringing the industry together and raising ambitions. The pledges made today further cements our commitment to reduce our operational carbon emissions as we play our part in the global decarbonization journey.”
Puma Energy plans to reduce its Scope 1 and 2 greenhouse gas emissions by 15 percent by the end of 2025 and 30 percent by the end of 2032, while aiming to achieve operational net zero by 2050. The company has also installed solar energy across almost 300 Puma Energy branded sites, representing almost 15 percent of the retail network.
In addition to reducing its own operational carbon emissions, the company is engaging with industrial customers to support their decarbonization ambitions by expanding its offering and providing renewable energy and lower carbon energy solutions, including solar energy and LPG.
Signatories to Oil and Gas Decarbonization Charter include 32 NOCs and 20 IOCs including Shell, BP, TotalEnergies, Oxy, ExxonMobil, Aramco, ADNOC, and the NNPC.
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About Puma Energy
Puma Energy is a leading global energy business, safely providing energy across six continents. Our downstream business segments include fuels, aviation, lubricants and bitumen. Our purpose is energising communities to help drive growth and prosperity by sustainably serving our customers’ needs in high potential countries around the world.
For further information visit: www.pumaenergy.com
