PETROBRAS has no plans to channel investments into the renewable energy sector where it lacks core competence, even though it will include de-carbonisation in its future objectives and its research and development portfolio, according to chief executive Roberto Castelo Branco. Petrobras two weeks ago pledged to cut its own carbon emissions by 25% through 2030, even though its fossil fuel production could actually grow over the decade, depending on divestments. "We are not doing things where we do not have competence, in sectors like wind or big solar projects," Castello Branco said in an interview forum at the Rio Oil & Gas 2020 digital event last week.
展开▼
