Pipeline Giant Enbridge Joins Shell, BP With 2050 Emissions Goal
- Company plans to eliminate all net emissions from operations
- Becomes largest player yet in North America oil patch to do so
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Enbridge Inc. became the largest company in the North American oil industry to set a goal of eliminating all net emissions from its operations by 2050, joining major European producers in providing climate-conscious investors with a plan to tackle global warming.
The pipeline giant also established an interim target of reducing the intensity of greenhouse-gas emissions from its operations by 35% by 2030, according to environmental, social and corporate governance, or ESG, targets it outlined Friday. It follows similar or tougher pledges by Royal Dutch Shell Plc, BP Plc, Total SE and Repsol SA, while top U.S. producers Exxon Mobil Corp. and Chevron Corp. have made clear they are not following suit.