London CNN —Oil and gas producers must confront a “pivotal” choice: continue to accelerate the climate crisis or become part of the solution, the International Energy Agency said in a report Thursday. “The oil and gas industry is facing a moment of truth at COP28 in Dubai,” IEA Executive Director Fatih Birol said in a statement. The first is reducing planet-heating pollution from its own operations, such as extracting oil and gas from the ground, processing the fuels and delivering them to consumers. This pollution needs to be cut by more than 60 percent by 2030 from today’s level, the IEA report says. Such an increase would mean a radical change in how oil and gas firms spend their cash.

Source: Egypt Independent November 25, 2023 17:37 UTC