Petrobras - 2009 Sustainability Report

Petrobras believes that the global climate change, pointed out by a number of scientific studies as the result of the increased greenhouse gas (GHG) emissions, requires a comprehensive strategy focusing on mitigating the impacts of our activities and products as well as on investing in energy efficiency and technological research and development, including through the facilitation and implementation of cleaner energy sources.

This is a major challenge, because the world’s demand for energy continues to increase sharply, and oil tends to remain as the predominant source. This makes it even more important for us to find a balance point between meeting the growing demand, reducing the impacts derived from production, and contributing to minimize the effects of fuel usage on the environment and on human health.

For this reason, the 2020 Strategic Plan sets the goal of achieving levels of excellence in the energy industry with regard to the intensity of the GHG emissions in the processes and products. Our 2009-2013 Business Plan calls for avoiding voluntarily the emissions of 4.5 million tons of carbon dioxide equivalent (CO₂e) in 2013. This voluntary goal leads to an attenuation of the emissions taking into account the forecasted business expansion and the Brazilian voluntary commitment to GHG emissions reduction.