Decarbonization is a long-term journey, and we are approaching it in stages. This lets us act on the opportunities available today while we deliver the larger, more complex projects that take longer to build. At each stage, we prioritize our actions by cost, readiness and scale to keep making measurable progress.
We started our journey with focused improvements across our existing operations, including greater energy efficiency and reduced methane and leaks. We are now delivering our larger projects, including electrifying our facilities at scale and capturing carbon from our hardest-to-abate sources. In the meantime, we have started to build decarbonization into how we design our assets, source our power and grow our business. This phased approach is helping us achieve our near-term target of a 25% reduction in the carbon intensity of our operations by 2030, a key step toward our Net Zero by 2045 ambition.