Save for later Print Download Share LinkedIn Twitter Pressure is growing on US producers to adopt comprehensive emissions targets. ConocoPhillips' new ambition to achieve net-zero Scope 1 and 2 (i.e. operational) emissions by 2050 reflects this and raises the bar for other major producers. We see this pressure intensifying in the next 6-12 months, with net-zero operational emissions ultimately the minimum standard. Producers must also eventually address Scope 3 (i.e. end-use) emissions, providing a particular challenge to those intent on remaining exclusive oil and gas producers. Conoco has set a new bar for US producer emissions management (see table). We see this approach in line with the "adaptation" strategy outlined by Energy Intelligence's Energy Transition service: for producers to credibly continue as "Big Oil" rather than pursuing diversified "Big Energy" options, companies must double down on lower costs, stronger financials and low operational emissions.