DUBAI: Fifty oil and gas companies representing 40% of global production pledged to decarbonise their operations by 2050 at the UN’s COP28 climate talks in Dubai today. “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. Unlike the Western oil majors, which are intensely scrutinised by the public, few large national oil companies had announced such targets. PetroChina and Brazil’s Petrobras also signed up to the new accord, named the Oil and Gas Decarbonization Charter. 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.

Source: Libya Today December 02, 2023 13:30 UTC