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

📆 2/10/2566 23:34:00
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Large swathes of the global oil industry will pledge to eliminate methane emissions and gas flaring by the end of the decade, the president of the COP28 climate summit said.

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.”

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