U.S. shale oil firm EOG Resources (EOG.N) said on Friday it aims to begin a carbon dioxide injection program by late 2022 to reduce greenhouse gases from its oil and gas production. The Houston, Texas-based energy producer emphasized it had no intention of changing its business focus, limiting the project to its own output, reducing so-called Scope 1 and Scope 2 emissions. The company set a target of net-zero emissions by 2040 and is dedicating 2% to 3% of its spending budget to environmental, social and governance (ESG) issues. The carbon capture project is located at an EOG-operated area with a concentrated stream of emissions that can be directed to a new injection well for storage, a company spokesperson said. EOG does not have any partners on the project, the spokesperson added. Shares of EOG were up about 4.9% to $95.37 in mid-day trading after […]