Sasol’s gas supply and volatile oil raise sustainability risks

Sasol’s declining gas reserves and its susceptibility to volatile oil prices is drawing scrutiny over the sustainability of the business and its plans to reduce emissions. The South African fuel and chemical maker primarily uses coal in a synthetic production process at its Secunda operations — the world’s largest single-point emitter of greenhouse gas. It plans to lower emissions 30% by 2030, which hinges on replacing some of the dirtiest fossil fuel with more gas, but Sasol’s fields in Mozambique are in decline.