Insight
Repsol raises the bar on carbon
Report summary
Repsol has leap-frogged the Majors in becoming the first oil and gas company to commit to achieving net-zero carbon from Scope 1, 2 and 3 emissions. It raised the bar not only for the Majors but for the entire oil and gas industry. The company has fully aligned its oil and gas price scenario with the Paris Agreement’s climate goals, resulting in a post-tax impairment of €4.8 billion (US$5.3 billion).
Table of contents
- What happened
- Repsol’s net zero emissions target is a first for the oil and gas sector
- What does this mean for Repsol’s financials?
- What does it mean for Repsol’s legacy business?
- What does it mean for Repsol’s greening drive?
- Final thoughts
Tables and charts
This report includes 3 images and tables including:
- Announced targets: Repsol versus the European Majors
- Emissions and Emissions Intensity from upstream and downstream by company (company names not shown)
- Market premium/discount to WM base-case valuation
What's included
This report contains:
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