ESGMay 14, 2026, 12:06 PM
Petrobras to Invest $13B in Energy Transition by 2030; Aims for Net Zero by 2050
AI Summary
Petrobras released its 2025 Climate Change and Energy Transition Supplement, outlining a strategic commitment to decarbonization and low-carbon businesses. The company plans to invest US$13 billion in energy transition initiatives from 2026-2030, representing 12% of its total investments. Petrobras aims to achieve carbon-neutral operational emissions by 2050 and has set ambitious 2030 targets, including a 30% reduction in absolute operational emissions and the elimination of routine flaring. The report also highlights significant progress, with a 36% reduction in absolute operational emissions by 2025 and a 62% reduction in methane emissions since 2015.
Key Highlights
- Allocate US$13 billion (12% of total investments) to energy transition initiatives from 2026-2030.
- Aim to achieve carbon-neutral operational emissions by 2050.
- Commit to a 30% reduction in absolute operational emissions by 2030 (compared to 2015).
- Target elimination of routine flaring by 2030.
- Reduced absolute operational emissions by 36% to 50 million tCO₂e by 2025.
- Reduced direct methane emissions by 62% between 2015 and 2025.
- Surpassed 80 million tonnes of CO₂ reinjected into pre-salt by 2025.
- Maintained a Brent break-even price of US$25/bbl for its E&P portfolio.