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DUBAI: 50 oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050 at the UN's COP28 climate talks in Dubai on Saturday.
Voluntary initiatives cannot be a substitute for enforceable commitments and mandatory obligations.
Welcome to Energy Day aka Fossil Fuel Phaseout Day. Today is packed with new data, press conferences, expected new announcements, actions and more - all with the same goal: a full, fast, fair, and funded phase out of fossil fuels.
Fifity oil and natural gas producers, including Saudi Aramco and 29 other national oil companies, have signed an agreement to reduce their carbon emissions to net zero by 2050 and curb methane emissions to near-zero by 2030.
FOR IMMEDIATE RELEASE CONTACT: Al Johnson-Kurts, al@priceofoil.org Gabrielle Levy, glevy@climatenexus.org The U.S. is focused on reducing emissions