Cairn Oil & Gas, a leading Indian private oil and gas exploration company, is set to achieve Net Zero Carbon by 2030 through its pioneering Environmental, Social, and Corporate Governance (ESG) leadership across the E&P value chain.As part of a multi-pronged strategy, Cairn’s focused ESG roadmap covers carbon emission reduction, leverage renewable energy sources, leveraging nature-based carbon solutions and adopting innovations such as waste to energy, carbon capture utilisation and storage (CCUS)among others. With this, Cairn has fast-track edits vision of attaining Net Zero Carbon by 2030.
Cairn is aiming to reduce its carbon footprint by sourcing renewable energy and expanding its energy portfolio. The company plans to source 70 MW of renewable energy by 2030, with a 25 MW renewable Power Delivery Agreement set to begin in FY25. Cairn has installed solar rooftops across Rajasthan and Gujarat operational sites, and has made significant progress in flare gas reduction, resulting in a 60% decrease in potential gas flaring intensity over the past four years.
The operation aims to create significant carbon sinks through a mass tree and mangrove plantation on 2,835 acres of greenbelt, including 458 acres of mangroves already developed. According to Dr. Steve Moore, Deputy CEO, Cairn Oil & Gas, “Our decarbonisation and environmental initiatives are aligned with the vision to become carbon neutral by 2030 through innovation and technology, coupled with our dedicated efforts.”
