Iraq and US seal 48 agreements
Reports indicate that a global energy company has committed to refrain from funding new fossil fuel projects, with the aim of achieving net-zero carbon emissions by 2050. The plan includes a gradual cessation of investments in oil and gas projects, focusing instead on investing in renewable energy sources and carbon technologies. This effort is part of broader climate change mitigation strategies, targeting a reduction of emissions by up to 48% by 2026. The company has outlined a clear, phased plan to reach its goals, with investment expenditures amounting to $69 billion over the next two years.
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