LatAm Briefs: Petrobras Form 20-F, Ecopetrol Eyes Net Zero

(Energy Analytics Institute, 25.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Brazil’s Petrobras filing its Form 20-F for 2020 and Colombia’s Ecopetrol announcing its commitment and plans to achieve net zero carbon emissions by 2050.

Petrobras files 2020 Form 20-F

Petróleo Brasileiro S.A. (Petrobras) filed its annual report 2020 Form 20-F with the US Securities and Exchange Commission (SEC) for the year ended 31 December 2020. More details here www.sec.gov or www.petrobras.com.br/ir.

Ecopetrol Plan To Achieve Net Zero Carbon Emissions By 2050

Ecopetrol announced plans to achieve net zero carbon emissions by 2050, in line with its commitment to mitigate climate change and further the energy transition and its “TESG” agenda.

By 2030, Ecopetrol seeks to reduce its CO2e emissions by 25% as compared to the 2019 baseline for Scopes 1 and 2, which correspond to direct and indirect emissions associated with the purchase of energy. In addition, Ecopetrol will seek to reduce 50% of its total emissions (scopes 1, 2 and 3) associated with the company’s value chain, which includes the use of its products, by 2050, the company revealed 25 March 2021 in a company statement.

RELATED STORY: Ecopetrol Group Commits To Net Zero Carbon Emissions By 2050

The development of the goals proposed are a part of the Ecopetrol Group’s Corporate Strategy and energy transition roadmap. Progress on these goals is expected to be reported periodically in line with company’s earnings results.

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By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.