2023 Allocates $15 billion (AED55 billion) to invest in decarbonization projects including carbon capture, electrification, new CO 2 absorption technology, hydrogen and renewables. This investment is increased to $23 billion (AED84.4 billion) in early 2024. Increases its carbon capture capacity target to 10 million tonnes per annum by 2030, up from the previous target of 5 million tonnes. Brings forward its Net Zero ambition by five years to 2045. Discloses 2022 operational emissions through the Advancing Towards Net Zero report. Becomes a founding member of the Oil and Gas Decarbonization Charter, a global industry partnership launched by the COP28 Presidency and dedicated to delivering on near-zero methane by 2030 and net zero by 2050. Awards a $1 million (AED3.67 million) piloting opportunity to Revterra in the worldwide Decarbonization Technology Challenge final. Acquires a 10.1% equity stake in Storegga, broadening ADNOCs global carbon management portfolio. Begins operating the worlds first fully sequestered CO 2 injection well in a carbonate saline aquifer. Commences operations at G2COOL, the first district cooling project in the gulf region to harness geothermal energy. Sustainability milestones Our impact 22