Petrobras to use carbon credits to decarbonize premium gasoline
Brazil state-run oil firm Petrobras will use the 175,000 carbon credits it purchased last month to render carbon neutral around a year's worth supply of its premium gasoline, Gasolina Podium, a company executive said on Wednesday.
RIO DE JANEIRO, Oct 25 (Reuters) - Brazil state-run oil firm Petrobras will use the 175,000 carbon credits it purchased last month to render carbon neutral around a year's worth supply of its premium gasoline, Gasolina Podium, a company executive said on Wednesday.
Petrobras made its first ever carbon credit purchase in September, as part of broader push to become more sustainable.
It bought 175,000 carbon credits from Projeto Envira Amazonia in the Amazon rainforest, it said at the time, adding it plans to spend at least $120 million in carbon credits by 2027. The price Petrobras paid was not made public.
At a press conference on Wednesday, Sandro Barreto, Petrobras' executive manager of sales to the internal market, said the credits would be used to offset the carbon produced over t( article continues at Reuters )