Oil and Natural Gas Corporation (ONGC) in India has disclosed an ambitious plan to reach net-zero carbon emissions by 2038 with a substantial investment of around Rs 2 lakh crore. The company's 200-page document outlines a roadmap that includes investments in renewable energy projects like solar parks, wind turbines, biogas projects, pump storage plants, and offshore wind installations. By 2030, ONGC aims to invest Rs 97,000 crore to develop 5 GW of renewable energy capacity, with further investments planned for green hydrogen and green ammonia facilities by 2035. ONGC also intends to invest Rs 38,000 crore by 2038 in offshore wind projects. Additionally, the company plans to eliminate gas flaring entirely by 2030 by investing Rs 5,000 crore in advanced technologies. In the base year of 2021-22, ONGC released 554 million cubic meters of methane due to incidental oil production, which the company aims to reduce through its renewable energy initiatives. The renewable energy projects include investments in solar parks, onshore wind farms, and offshore wind installations, with a focus on reducing carbon emissions and transitioning towards a more sustainable energy mix.