Tullow Oil (GB:TLW) has released an update.
Tullow Oil PLC has entered into a strategic partnership with the Ghana Forestry Commission to advance its Net Zero by 2030 strategy, aiming to create up to 1 million tonnes of certified carbon offsets annually via a REDD+ programme. The initiative will encompass around 2 million hectares in Ghana, targeting deforestation challenges and is anticipated to benefit over 1 million local residents by fostering sustainable livelihoods and employment. This aligns with Tullow’s commitment to decarbonize its operations and eliminate routine flaring by 2025 while contributing to Ghana’s National REDD+ strategy and climate goals.
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