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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53 Articles
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 …
Dubai (WAM) His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, President of COP28, stressed that in line with the vision of the leadership in the UAE, the COP28 Presidency is keen to activate the participation of all sectors in global climate action efforts to build a better future for humanity and the planet, and ensure economic prosperity for all. This came on the occasion of the launch yesterday by the COP…
At 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
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