Oil Industry to Act on Methane and Flaring, COP28 Chief Says

More than 20 oil and gas producers, from both the private and state sectors, have made the commitment alongside setting targets to reach net zero by 2050, Sultan Al Jaber said at the Adipec oil and gas exhibition in Abu Dhabi on Monday. He did not name the companies. Tackling methane emissions is seen as a quick and effective climate solution because ton-for-ton it’s a far more potent agent of global warming than carbon dioxide in the short term.

“This industry can and must help drive the solutions,” Al Jaber said in a speech. “For too long, this industry has been viewed as part of the problem, that it’s not doing enough and in some cases even blocking progress. This is your opportunity to show the world that, in fact, you are central to the solution.”

Ireland Ireland Latest News, Ireland Ireland Headlines

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

COP28 president says oil companies support 2050 net-zero goalBy Maha El Dahan ABU DHABI (Reuters) -COP28 president Sultan al-Jaber said on Monday that more than 20 oil and gas companies were rallying around his calls ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

COP28 president says oil companies support 2050 net-zero goalBy Maha El Dahan ABU DHABI (Reuters) -COP28 president Sultan al-Jaber said on Monday that more than 20 oil and gas companies were rallying around his calls ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

OPEC optimistic on demand, calls for more oil and gas investmentOPEC Secretary-General Haitham Al Ghais stressed the importance of continued investment in the oil and gas industry and said he sees calls to stop investing in oil as counterproductive
Source: globeandmail - 🏆 5. / 92 Read more »