In the oil and gas sector, emissions were reduced through divestment and a reduction in barrels of oil produced. Enel, an Italian electricity utility, topped the list by reducing its emissions by 73 million tonnes, or 57 per cent. “It’s pure upside.”CP Rail cut almost 500,000 tonnes of carbon from its annual emissions, down 14 per cent over the last decade. Over the last decade, TransAlta cut its annual carbon emissions by more than 14 million tonnes, a reduction of more than half, mostly by shutting down coal plants. Last year, British oil giant BP spent $2.2 billion (all figures U.S.) on sustainability and $7.5 billion on buybacks, dividends and executives.

Source: thestar October 13, 2022 03:56 UTC