Indian Oil Corporation, the largest refiner in India, plans to invest $25 billion to achieve net-zero emissions from operations by 2046, its chairman told shareholders at the annual general meeting on Thursday. Indian Oil will target to have 60% of its Scope 1 and Scope 2 emissions mitigated and the rest offset in various ways including by buying carbon credits, Shrikant Madhav Vaidya, chairman of the state-owned refiner, said, as carried by Bloomberg. India as a country has pledged to achieve net-zero by 2070. The top refiner in the…
