Both individually and through partnerships and dialogue spaces, we are actively working to ensure that the political and regulatory framework supports the energy transformation, combining climate ambition with industrial competitiveness.
In this context, we participate in public consultation processes and contribute to the development of policies, regulations, and legislation, both nationally and internationally, providing information, recommendations, and perspectives based on our technical and operational experience.
Our engagement with governments, industry associations, and other stakeholders is guided by a firm commitment to an energy transition aligned with the objectives of the Paris Agreement and is supported by our public climate positions, which reflect this vision and guide our actions.
We strongly support the need to simplify and harmonize European regulations to foster competitiveness, ensure legal stability, and encourage innovation. To achieve this, we believe it is essential to reduce operational barriers and streamline reporting requirements and administrative burdens.
We strongly support the objectives of the Paris Agreement and have publicly committed to achieving net-zero greenhouse gas (GHG) emissions across all Scopes (1, 2, and 3) by 2050. Our decarbonization roadmap includes intermediate targets for 2025, 2030, and 2040, both in absolute and intensity terms, supported by a combination of technological solutions.
We promote technological neutrality with the conviction that all energy solutions contribute immediately to reducing emissions, thereby promoting investment, profitability, and protecting the competitiveness of European industry.
To achieve an effective energy transition:
- We promote renewable fuels (both liquid and gas) as a real and scalable alternative to reduce CO2 emissions in air, maritime, and road transport, leveraging existing infrastructure. Their production from waste drives the circular economy, but requires regulatory frameworks that support the necessary investments to ensure their availability and affordability, benefiting key sectors such as the automotive industry, which is essential to the economy and the employment of millions of people in the European Union.
- We are developing renewable electrification, integrating flexible technologies that can adapt to changing demands, such as electricity storage and supply and demand management. Renewable generation is one of the pillars of our strategy: we aim to reach 9-10 GW by 2027 and 15-20 GW by 2030.
- We are committed to energy efficiency and emissions reduction. We promote energy efficiency, the electrification of our processes, the reduction of direct emissions, the adaptation of production levels, and portfolio management. We advocate replacing coal with natural gas as an effective transitional measure to reduce global emissions.
- We support carbon capture and storage (CCS) as a strategic technology that offers solutions for industrial sectors with hard-to-abate emissions and that have no economically viable alternative for decarbonization. We are developing opportunities in Spain and the United States, with licenses and consortiums that reinforce our commitment to energy efficiency.
- We support carbon pricing mechanisms that effectively facilitate the deployment of decarbonization technologies at the scale and speed needed, as a key element in policies aimed at combating climate change.
- We recognize the role of carbon sinks in achieving climate goals, but only for those residual emissions that remain after making the most of all available, state-of-the-art decarbonization technologies. We are committed to developing Nature-Based Climate Solutions (NCS) projects that generate strong environmental and social benefits and generate high-quality carbon credits to offset these hard-to-eliminate emissions.
Updated June 2025.