Major oil and gas companies agree to cut down methane emissions at COP28
- Fifty oil companies, including major national companies such as Aramco and Petrobras, have pledged to reach near-zero methane emissions and end routine flaring in their operations by 2030.
- The pledge does not address Scope 3 emissions caused by end users. Companies are urged to research solutions to reduce these emissions.
- Over 100 countries have also committed to tripling the world's installed renewable energy capacity by 2030.
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COP28: 50 oil and gas companies sign charter to accelerate climate
COP28 Presidency and Saudi Arabia launched the Oil and Gas Decarbonisation Charter (OGDC), a global industry charter aimed at speeding up climate action across the oil and gas sectors. Officials said 50 oil and gas companies, representing more than 40 percent of global oil production, have signed the charter, reported Emirates News Agency (WAM). National Oil Companies represented over 60 percent of signatories, the largest-ever number of NOCs …
·Riyadh, Saudi Arabia
Read Full ArticleAt COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
DUBAI, United Arab Emirates (AP) — Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine flaring in their operations by 2030, the president of this year's United Nations cl
·Sechelt, Canada
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Leaning Left19Leaning Right4Center14Last UpdatedBias Distribution51% Left
Bias Distribution
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51% Left
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C 38%
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