{"id":8957,"date":"2023-12-03T11:19:52","date_gmt":"2023-12-03T11:19:52","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=8957"},"modified":"2023-12-03T11:19:52","modified_gmt":"2023-12-03T11:19:52","slug":"50-oil-and-gas-companies-pledge-to-cut-operational-emissions","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/8957\/","title":{"rendered":"50 oil and gas companies pledge to cut operational emissions"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

“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.<\/p>\n

Unlike the Western oil majors, which are intensely scrutinised by the public, few large national oil companies had announced such targets.<\/p>\n

PetroChina and Brazil’s Petrobras also signed up to the new accord, named the Oil and Gas Decarbonization Charter.<\/p>\n

The National Oil Company of Libya, Malaysia’s Petronas and Sonangol of Angola were also among the signatories, along with France’s TotalEnergies, US firm ExxonMobil, and Britain’s BP and Shell.<\/p>\n

The charter is part of a set of initiatives designed to accelerate the decarbonisation of the global energy industry, prepared in the year leading up to COP28.<\/p>\n

They are voluntary commitments unlike the decisions of COP28, which are taken by consensus between nearly 200 countries under the aegis of the United Nations.<\/p>\n

Melanie Robinson, of the World Resources Institute, a non-profit research body, said the agreement showed that non-binding pledges from the industry were not sufficient to address climate change.<\/p>\n

“This charter is proof that voluntary commitments from the oil and gas industry will never foster the level of ambition necessary to tackle the climate crisis,” she said.<\/p>\n

“We can’t meet our climate goals unless governments set policies that rapidly and equitably transition our economy away from fossil fuels.”<\/p>\n

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