“In emission reductions, we expect to meet our 2025 reduction plans four years early.”

In context

“important is the good progress we’ve made building our Low Carbon Solutions business, which is rapidly expanding, utilizing existing policy. As you’re all aware, we’re also pursuing very large-scale opportunities that will give us first-mover advantage as we advocate for the new policy necessary to support these step-out projects. Our results demonstrate the benefits of the actions we’ve taken. We’re continuing to manage and evolve the company to further strengthen our competitive advantages, growing value through the transition, regardless of its pace. Turning now to some perspectives in 2021. As I said, we’ve made tremendous progress advancing our strategy over the past year. We remained focused on safety and reliability, delivering a second consecutive year of outstanding performance. In emission reductions, we expect to meet our 2025 reduction plans four years early. That led us to set even more aggressive plans for 2030. The experience we gained developing reduction roadmaps for our assets gives us confidence for what we can ultimately achieve. This helped form the basis of our recently announced ambition to achieve net-zero emissions in our operations by 2050. Of course, a big part of our work in this area involved our Low Carbon Solutions business. As I mentioned, this new business has made exceptional progress building a large inventory of new business opportunities with a focus on carbon capture, hydrogen, and biofuels. Importantly, we’re also addressing emissions by providing high-performance products that deliver solutions to help our customers reduce their emissions. Demand for these products was very strong in 2021, enabling 7% growth in our”