Big oil going green at even faster pace

Major drillers increasing low-carbon utilization of fossil fuels to reduce CO2

China's national oil companies are accelerating their transition toward cleaner energy practices, focusing on the efficient utilization of fossil fuels and the integration of oil, gas and renewable energy resources, said company executives and industry experts.

This strategic shift aligns with China's dual objectives of ensuring energy security and achieving carbon neutrality before 2060, they added.

During the two sessions — the annual gatherings of the National People's Congress and the National Committee of the Chinese People's Political Consultative Conference — several NPC deputies proposed accelerating the low-carbon utilization of fossil fuels through coordinated policy support and technological advancements.