Carbon Neutral Crude Oil Shipment
Oxy Low Carbon Ventures (OLCV), a division of Occidental (NYSE:OXY) announced today the delivery of two million barrels of carbon-neutral oil1 to Reliance Industries in India. This transaction, which was arranged in conjunction with Macquarie Group’s Commodities and Global Markets group (Macquarie), is the energy industry’s first major petroleum shipment for which greenhouse gas (GHG) emissions associated with the…