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Oil industry 'central' to climate solutions: COP28 head

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The president of the upcoming COP28 climate talks told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis.

"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," said Sultan Al Jaber, the president-designate of the COP28 talks, who is also the head of UAE state-owned oil firm ADNOC.

"This industry can change the global debate... It is time to silence the sceptics by applying scale, capital and technology to deliver outcomes."He also encouraged them to embrace"low carbon solutions" like carbon capture and storage, tools that climate experts say distract from the urgent goal of slashing fossil fuel pollution.Climate activists have criticised the appointment of Jaber to lead the COP28 talks which kick off next month in Dubai.

At the same time top oil executives and officials from major oil-producing countries have advocated ramped-up investment to meet demand and stave off energy shortages.

 

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