50 Oil And Gas Companies Pledge To Cut Operational Emissions – By AFP News (IB Times) / Dec 2, 2023
Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their operations by 2050 at the UN’s COP28 climate talks in Dubai on Saturday.
Saudi giant Aramco and ADNOC of the United Arab Emirates were among 29 national companies to sign a non-binding agreement that also envisaged zero methane emissions and eliminating routine flaring this decade.
Aramco, the world’s biggest oil company, and ADNOC, whose CEO Sultan Al Jaber is president of CO28, had already announced similar CO2-reduction targets — which do not include emissions when their fuels are used by customers.
“Whilst many national oil companies have adopted net-zero 2050 targets for the first time, I know that they and others, can and need to do more,” Jaber said.
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