Halliburton to Set Science-Based Targets to Reduce Emissions
November 19 2020 - 7:00AM
Business Wire
Halliburton Company (NYSE: HAL) today announced its commitment
to set science-based targets to reduce greenhouse gas (GHG)
emissions. The Company submitted its commitment letter to the
Science Based Targets
initiative (SBTi), a collaboration between CDP, the United
Nations Global Compact, World Resources Institute, and the World
Wide Fund for Nature. With this commitment, Halliburton will submit
targets in 2021 with pending SBTi validation by 2022. Halliburton
joins over 1000 global companies who have committed to set
emissions reduction targets grounded in climate science through the
SBTi.
“Our SBTi commitment reinforces our sustainability goals while
helping our customers provide the world with affordable and
reliable energy,” said Halliburton Chairman, President & CEO
Jeff Miller. “Our industry plays an important role in reducing
greenhouse gas emissions and provides us a great opportunity to do
what we do best: innovate, collaborate, and execute to drive
efficiencies and affect change.”
Science-based targets are emissions reduction targets in line
with what the latest climate science outlines is necessary to meet
the goals of the Paris Accord, which seeks to limit global warming
to well below 2oC above pre-industrial levels.
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
more than 40,000 employees, representing 140 nationalities in more
than 80 countries, the company helps its customers maximize value
throughout the lifecycle of the reservoir – from locating
hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and
optimizing production throughout the life of the asset. Visit the
Company’s website at www.halliburton.com. Connect with
Halliburton on Facebook,
Twitter, LinkedIn, Instagram and YouTube.
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