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South Africa’s second-biggest emitter aims to be among the continent’s biggest buyers of renewable energy — but for now Sasol Ltd. remains firmly tied to fossil fuels. The company that made its name producing synthetic fuel and chemicals from coal, aims to reach net zero by 2050. That plan has been criticized as vague by activists and unrealistic by some analysts. OPEC ’s recent surprise production cut may also spur some energy companies to revisit their green goals in light of higher oil prices, which largely determine the value of Sasol’s products. Fleetwood Grobler Curbing emissions will be an especially heavy lift for Sasol — its biggest plant produces more greenhouse gas than the global operations of oil companies BP Plc or Marathon Petroleum Corp. Chief Executive Officer Fleetwood Grobler said the company is committed to its green future; the company just needs profitability to get there. Power, Rail Outages Cloud Outlook for South Africa Fuel Producer Bloomberg green Severe Cyclone Strengthens as Huge Storm Nears Australian Coast Biden’s Car Pollution Crackdown to Stamp Out Billions of Barrels of Oil Demand Offshore Wind Supply Chain Needs to Triple by 2030, Orsted CEO Says Canada’s Newest Oil Sands Project Seeks […]
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