Energy Firm Claims Sale of World’s First ‘Carbon Neutral’ Oil

The announcement is part of an emerging trend among oil and gas companies looking to differentiate their products as cleaner in response to increasing pressure demanding action on climate change.

Lundin Energy AB  is claiming to have sold the world’s first oil cargo certified carbon neutral by a third party, according to a release by the company on April 26.

“We were the first company to have one of its field’s carbon emissions independently certified as low carbon, and this certified carbon neutral transaction with Saras, is the next stage in what we believe will become a key value differentiator for Lundin Energy,” Nick Walker, president and CEO of Stockholm-based Lundin Energy, in a statement.

The announcement is part of an emerging trend among oil and gas companies looking to differentiate their products as cleaner in response to increasing pressure by investors, activists and regulators demanding action on climate change.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.