State-backed PetroChina wants renewable energy to account for half its total output by 2050, as it reports biggest profit in seven years | South China Morning Post

China's largest oil and gas producer, PetroChina , said it plans to have renewable energy account for half of its total output by 2050 as the state-backed company reported its biggest profit in seven years. PetroChina will tap into the wind, solar and geothermal resources of its main production and exploration regions as it steps up efforts to help the country achieve net-zero emissions by 2060 , chief financial officer Chai Shouping said at an annual results media briefing on Thursday. "By 2035, we strive to have oil, gas and new energy to each contribute one third of our total…