• Carnarvon commits to achieving net zero emissions by 2050, if not earlier
• All of Carnarvon’s current existing emissions will be offset
• The immediate business focus remains on delivering value in Dorado and Buffalo projects
• In parallel the Company is developing a roadmap to achieve its net zero emissions objective

Carnarvon Petroleum are currently in the process of developing their roadmap to a lower carbon economy and expect that the direction they take will evolve over time utilising a variety of technologies.

The company commit to achieving net zero emissions by 2050, if not earlier. 

Carnarvon Managing Director and CEO, Mr Adrian Cook, said:
“In our first step to achieving net zero emissions by 2050, Carnarvon will offset all its current Scope 1 and Scope 2 emissions, which at this time are derived from our head office.

With respect to our future assets such as Buffalo and Dorado, we are committed to working with our partners to reduce emissions from the proposed operations and will continue to develop our plans to offset emissions from these projects as they mature.

Carnarvon will also seek to diversify its portfolio over time into lower carbon intensive assets which provide appropriate returns to shareholders. However, in the near term, our short-term goal is to deliver our core projects safely and responsibly.’’

KeyFacts Energy: Carnarvon Petroleum Australia country profile