Saudi Aramco, the world’s largest oil producer, is investing heavily in environmental research and technologies. Despite skepticism, Aramco aims to cut carbon emissions per barrel by 15% by 2035 and achieve net-zero emissions by 2050. The company is focusing on efficiency and technologies such as carbon capture and hydrogen fuel, rather than reducing production. Aramco believes it can manage emissions without reducing fossil fuel output, aligning with global climate goals.
Even with the commitment to environmental sustainability, Aramco faces significant challenges. Commercial viability of alternative fuels like hydrogen is yet to be proven, and the effectiveness of carbon capture technologies is under scrutiny. Aramco’s sustainability strategy is seen by some as contradictory, raising questions about its practicality. The future of Saudi Aramco, and indeed of the global fossil fuel industry, depends on the successful harmonization of oil production and climate goals.