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Aramco’s Net-Zero Plan Will Have Net-Zero Impact Before 2035

The world’s largest oil producer plans to increase fossil fuel production in the next decade, while controlling the rise in emissions through measures such as carbon capture and storage.

Escalator and atrium at the King Abdulaziz Center for World Culture in Dhahran, Saudi Arabia, where Saudi Aramco has its headquarters.

Escalator and atrium at the King Abdulaziz Center for World Culture in Dhahran, Saudi Arabia, where Saudi Aramco has its headquarters.

Photographer: Maya Siddiqui/Bloomberg

When Saudi Aramco, the world’s largest oil producer, says it doesn’t intend to cut emissions from current levels for the next 13 years, you know Big Oil’s push on climate change could be in trouble.

The recent surge in oil prices has given the state-owned energy giant an excellent reason to pump more oil. In the short run that will cause Aramco’s emissions to spike. Longer term, it could undermine Saudi Arabia’s broader pledge to reach net-zero emissions by 2060.