CURRENT AFFAIRS

Detailed explanation-1: -Mukesh Ambani’s Reliance Industries Ltd has sourced the world’s first consignment of ‘carbon-neutral oil’ from the US as it aims to become a net zero-carbon company by which year?

Detailed explanation-2: -Billionaire Mukesh Ambani’s Reliance Industries Ltd has sourced, The world’s first consignment of ‘carbon-neutral oil’ from the US as it looks to become a net zero-carbon company by 2035.

Detailed explanation-3: -Bhutan has made possible what no other country has been able to achieve. This carbon-negative country has shown us how we can address climate change with compassion, commitment and creativity and come out on top.

Detailed explanation-4: -Oxy Low Carbon Ventures (OLCV), a division of US oil major Occidental, delivered carbon-neutral oil to Reliance, the firm said.

Detailed explanation-5: -Carbon neutral definition Companies, processes and products become carbon neutral when they calculate their carbon emissions and compensate for what they have produced via carbon offsetting projects. Offsetting carbon emissions, in addition to avoidance and reduction, is an important step in holistic climate action.