Nippon Oil gets U.N. carbon credit of 4 mil tons for Vietnam project
Nippon Oil Corp said Friday it has received a carbon credit of around 4.49 million tons from the United Nations for its oil development project in Vietnam. The certified emission reduction credit, granted for the reduction of carbon dioxide emissions in the Rang Dong oil field in southern Vietnam, is the largest one-time CER credit to be approved by the Clean Development Mechanism Executive Board, Japan's largest oil distributor said.