In a major move, Seplat Petroleum Development Company has announced the acquisition of shares at Exxon Mobil in the United States with policies that ensure the attainment of net-zero carbon.
Nigeriaโs Minister of State for Petroleum Resources, Chief Timipre Sylva, made this known during the launch of Seplat Tree Planting Campaign tagged: โTree-4- Life Launch,โ in Abuja.
Read also: Seplat Energy moves to tackle deforestation
Sylva extolled the oil firm for the acquisition, adding that such investments, which are underpinned by responsible policies that ensure the achievement of net-zero are commendable and appreciated by the Government and the good people of Nigeria.
While commending the firmโs commitment to the net-zero Initiative, the minister described the tree planting programme as an initiative targeted at reducing carbon dioxide from the atmosphere.
He maintained that the tree planting was in line with Buhariโs commitment to net-zero carbon emissions by 2060.
โThis requires initiatives such as this being undertaken by Seplat, as well as sustained financial assistance, technology transfer and capacity building from international partners willing and able to assist us in this regard,โ he said.
Story was adapted from the Nation.
