Halliburton to Set Science-Based Emissions Targets

US oilfield services giant Halliburton on November 9 announced it would set targets for reducing its greenhouse gas emissions in line with what the latest climate science estimates is necessary to meet the goals of the Paris Accord.

Halliburton has submitted a commitment letter to the Science Based Target initiative (SBTi), a collaboration between CDP, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature. It will submit targets in 2021, which should get validated by the SBTi by 2022.

Halliburton is joining over 1,000 global companies that have pledged emissions reduction targets under SBTi.

“Our SBTi commitment reinforces our sustainability goals while helping our customers provide the world with affordable and reliable energy,” said CEO Jeff Miller. “Our industry plays an important role in reducing greenhouse gas emissions and provides us a great opportunity to do what we do best: innovate, collaborate, and execute to drive efficiencies and affect change.”