IOC betting big on green energy

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(IOC), the nation’s largest fuel retailer, has renewed its focus on and sustainability initiatives, having firmed up a mega clean energy drive that includes plans to invest Rs 1,820 crore in setting up green energy generation capacity, pushing bio-fuel blending in petroleum products and adopting measures to cut down its carbon footprint.

“The contentious issue of ranks high on the global agenda today as the world looks towards the climate negotiations at COP-21 (21st Conference of Parties). As an integral part of the global oil and gas industry, we are actively engaged to tackle climate change issues and are implementing a number of sustainable development initiatives including climate change mitigation activities,” chairman and managing director B Ashok stated on the coming COP-21 meet, on the company’s website.

Source:http://www.business-standard.com/article/companies/ioc-betting-big-on-green-energy-115111900032_1.html

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