Big Oil, heavy industry discuss emission curbs ahead of COP28

📆 02/10/2023 07:29:00
📰 Reuters

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Major oil and gas company chiefs held discussions with heavy industry bosses on Sunday in the United Arab Emirates in an effort to agree a firm commitment to reduce carbon emissions ahead of a United Nations climate summit next month.

It is seen as a crucial opportunity for governments to accelerate action to limit global warming with reports so far showing countries are off track to meet promises to limit the rise in global temperatures to 1.5 degrees Celsius.

Amin said the aim was to get major industry players to make decarbonization commitments that would help limit global warming. The meeting, convened by COP28 president Sultan al-Jaber, was attended by U.S. Climate Envoy John Kerry and tackled issues such as commercializing hydrogen, scaling up carbon capture technologies, methane elimination and increasing renewable energy, a statement by COP28 said.

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Big Oil, heavy industry discuss emission curbs ahead of COP28The gathering brought together CEOs from more than 50 companies from the oil and gas sector and the aluminum, steel and cement industries.
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