China’s Oil Giant Sees Its Future in Hydrogen and Clean Energy

(Bloomberg) ― China’s biggest oil and gas producer wants to shift half of its output to hydrogen, geothermal energy and clean power by 2050 amid the country’s move toward net-zero emissions.

China National Petroleum Corp. referenced the target in its environmental protection report, published Wednesday on its website, saying oil and gas would still make up the other half of its output by then. The company is the parent of PetroChina Co., which said in its annual report in March it aims for new energy to make up half its output by 2050.