, Columnist
Beijing May Be More Addicted to Coal Than Oil
PetroChina's “near-zero” target for emissions by 2050 is about national security rather than climate.
A green-hued future?
Photographer: Lucas Schifres/Bloomberg
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There’s one surprise entrant in the group of oil companies announcing plans this year for how they’ll reduce emissions: PetroChina Co.
China’s oil companies, unlike their peers in the U.S. and particularly Europe, don’t traditionally treat climate targets as a major issue. Beijing, after all, isn’t even promising to hit its emissions peak until 2030.