Over 20 oil and gas companies commit to net zero emissions and elimination of methane and flaring by 2030, ahead of crucial COP28 climate talks
- Major oil and gas companies met with heavy industry to discuss reducing emissions before COP28, to be held in Dubai in November.
- Sultan Al Jaber, COP28 president, called for oil and gas companies to achieve net zero emissions by 2050 and eliminate methane emissions by 2030.
- OPEC chief said some countries' climate targets were overzealous, as nations adjust policies due to high energy prices.
- Al Jaber wants oil industry to play a role in energy transition and says COP28 will focus on reducing emissions from oil and gas.
- Over 20 firms in oil, gas, aluminum, steel and cement industries agree to disclose measurable emission reduction commitments at COP28.
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