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Chemicals giant BASF, spurred on by customers, allocates up to $4.7 billion for CO2 cuts
While net zero commitments having been coming fast and furious as of late, most have been driven by investor pressure. By contrast, this one stands out as being driven by customers, aka market forces. Notably, the major strategy to achieve the goal is transition to renewable energy.
Chemicals giant BASF, spurred on by customers, allocates up to $4.7 billion for CO2 cuts
BASF, the world's largest chemicals producer by sales, pledged on Friday to spend up to 4 billion euros ($4.7 billion) to slash greenhouse gas emissions by a quarter by 2030.
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