Indian Oil unveils $25 billion investment plan to achieve net zero by 2046

State-owned oil and gas company Indian Oil has unveiled a $25 billion investment plan to achieve net-zero operational emissions by 2046.

Indian Oil chairman S M Vaidya said: “IndianOil has been pursuing a robust green agenda for some time now, to steer the country’s green energy transition.”

“So we are already working on several emission mitigation pathways like green hydrogen, biofuels, renewables, carbon offsetting through ecosystem restoration and Carbon Capture Utilisation and Storage (CCUS), among others.”