Thailand's PTT to balance carbon, green businesses to meet net zero target

BANGKOK -- Thailand's oil and gas conglomerate PTT plans to adjust its five-year investment plan worth 89 billion baht ($2.4 billion) in September to balance the group's businesses to achieve sustainable profit and meet its net zero emission goal in 2050.

PTT's newly appointed president and chief executive officer Kongkrapan Intarajang said the company plans to revisit several projects to see if the company and its subsidiaries should go on as is, or be reshaped to realize sustainable profit.