Occidental Petroleum Announces Net-Zero Target for greenhouse Gas Emissions

Occidental Petroleum Corp OXY.N on Tuesday laid out a target to reduce greenhouse gas emissions at its operations to net zero by 2040, becoming the latest oil and gas company to set long-term climate goals.  Oil and gas producers, under pressure from investors who want to see the industry operate more cleanly, have announced new emissions targets this year even as they have slashed spending and production following a coronavirus-driven plunge in crude prices.  Occidental will provide detail on its net-zero target by the end of November when it releases its sustainability report, Chief Executive Vicki Hollub said on an earnings call with analysts. - Reuters