Malaysia's Petronas targets net zero emissions by 2050

KUALA LUMPUR, Nov 05 (Reuters): Malaysian state-owned energy giant Petroliam Nasional Berhad, or Petronas, said on Thursday it aims to become a net zero emitter of greenhouse gases by 2050 and also plans to increase its investments in renewable energy.

Burning of oil and gas accounts for the vast majority of the world's carbon emissions, and many investors have pushed global oil majors to do more to combat climate change.

Petronas, the world's fourth-largest exporter of liquefied natural gas, said it will intensify its efforts toward reducing the so-called Scope 1 and Scope 2 greenhouse gas emissions, referring to direct emissions from operations and the electricity used by the company.