Shell has been ordered to cut emissions by 45% by 2030 © Getty Images
Shell has been ordered to cut emissions by 45% by 2030 © Getty Images

'Black Wednesday' pours pressure on oil sector to cut CO2

1 June 2021

Hydrocarbon-dependent economies in the Middle East are likely to be taking notice after a series of defeats for the petrochemical industry in what was dubbed “Black Wednesday” for big oil.

Within 24 hours three major international oil companies were shaken by a series of events that will force them to significantly intensify efforts to reduce CO2 emissions.

☛ Want to stay up to date with the news? Sign up to our daily bulletin.

To read the rest of this article you need to sign in:
Don't have an account? Register here


Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

Home Based
Expense Reduction Analysts
Cottenham, Cambridge
£40,000 per annum
Cosworth Electronics Ltd
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates