In 2020 Occidental was the first U S oil and gas company to announce goals to achieve net zero Ghg emissions for its total emissions inventory including use of sold products These goals include achieving net zero Ghg emissions i from its operations and energy use before 2040 with an ambition to do so before 2035 and ii from the use of its sold products with an ambition to do so before 2050 In 2020 Occidental also set various interim targets including 2025 carbon and methane intensity targets and Occidental was also the first U S oil and gas company to endorse the World Bank tm s initiative for zero routine flaring by 2030 In 2021 Occidental made progress on these sustainability commitments and established additional interim targets toward its net zero goals to advance a low carbon future Occidental seeks to meet its sustainability and environmental goals through its development and commercialization of technologies that lower both Ghg emissions from industrial processes and existing atmospheric concentrations of Co 2 Occidental believes that carbon removal technologies including Dac and Ccus can with incentives necessary for their development and deployment provide essential Co 2 reductions in the medium term while the world transitions to a lower carbon intensive economy Occidental has undertaken the following actions among others toward advancing its low carbon strategy