Thursday, January 23, 2020

Schlumberger Commits to Emissions Reductions

December 20, 2019

© Art Konovalov / Adobe Stock

Oilfield services firm Schlumberger (SLB) announced its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions, in line with the goals of the Paris Agreement to reduce climate change.

Schlumberger has submitted its commitment to the Science Based Targets initiative (SBTi), and it will define its reduction target by 2021, the company said in a press release.

Schlumberger CEO Olivier Le Peuch said, “The energy industry has a key role to play in reducing the effects of climate change. Schlumberger seeks to lead positive, measurable changes in GHG emissions within the industry to help reduce climate change. The application of our industry-leading environmentally responsible technologies will help drive process efficiency and environmental footprint reduction.”

According to Schlumberger, the science-based targets in line with the latest climate science will meet the goals of the Paris Agreement, an agreement developed in 2016 by the United Nations Framework Convention on Climate Change (UNFCCC) that seeks to reduce GHG emissions. The Paris Agreement focuses on limiting global warming to well-below 2°C above pre-industrial levels.

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