Mexico’s state-owned oil company has committed to reducing its greenhouse gas emissions, becoming the first major Latin American company to make such a pledge, those involved in the project say. Petróleos Mexicanos (Pemex), the world’s fifth biggest oil company, is giving itself six months to reduce emissions to 1% below 1999 levels. With emissions for 2000 substantially higher than for the previous year, the promise will actually require cuts of more than 5%. On completion of that goal and an internal emissions audit, both due in December, Pemex will then announce a 10-year target. Pemex’s move, announced last month, is a major about-face for a company often accused of having a dismal environmental record. It prompted a mix of enthusiasm and caution... [Log in to read more]