We are aiming to be net zero across operations, production and sales. By 2050 or sooner, we aim to get to net zero:
Our aim 5 is to increase the proportion of investment we make into our non-oil and gas businesses. Over time, as investment goes up in low and zero carbon, we see it going down in oil and gas.
As we continue towards our net zero ambition, we target increasing our low carbon investment to $3-4 billion per year in 2025 and aim to increase it to at least $5 billion per year in 2030. In 2021, low carbon capital expenditure increased from around $750 million in 2020 to nearly $2.2 billion. This is due to our continuing acceleration in offshore wind and solar as well as advancing mobility with a bolder ambition in electrification.