Africa: COP28 Oil Company Adnoc Emissions Heading in Exact Opposite Way for Climate Goal

London — The oil company ran by COP28 chief Sultan al-Jaber is on course to increase the emissions from its oil and gas operations by more than 40 percent by 2030 compared to 2023 - almost the exact opposite of what the United Nations and the world's leading climate scientists say is needed to cap heating at 1.5C.

"At a time when we need a rapid, equitable and widespread reduction in the pollution we produce, Al-Jaber presides over a firm that is planning an oil and gas production bonanza. This Jekyll and Hyde presidency of crucial climate negotiations is now a critical concern. Using Rystad we ascertained that ADNOC's operated production will amount to 1.3 billion barrels of oil equivalent in and 87.88 billion cubic metres of gas in 2030

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Africa: COP28 President-Designate Rallies Oil and Gas Industry to DecarbonizePress Release - COP28 President-designate Dr. Sultan Al Jaber called on the oil and gas industry to rally around ambitious decarbonization targets as part of the COP28 Presidency’s Action Agenda to fast-track the energy transition and keep 1.5C within reach.
Source: allafrica - 🏆 1. / 99 Read more »

Forget company car, France embraces the company bikeAs the popularity of cycling soars in France, a growing number of companies are giving employees the chance to ditch driving in favour of a greener, healthier alternative: the company bike. But the growing number of bike enthusiasts also raises the question of infrastructure, with ObSoCo noting that just under half of French cyclists have access to cycle paths on most of their journeys.
Source: brieflyza - 🏆 10. / 68 Read more »

Big shift in company tax in South AfricaSouth Africa’s company tax contributions have seen a major shift over the last few years – largely driven by wild swings in the mining sector.
Source: BusinessTechSA - 🏆 24. / 61 Read more »