More than 20 firms support 2050 net-zero goal – COP28 President

Sultan al-Jaber, the president of COP28 said on Monday that more than 20 oil and gas companies were rallying around his calls to curb carbon emissions ahead of a United Nations summit on climate change.

Jaber further noted that more than 20 oil and gas companies had positively answered calls to align around net zero by 2050, and to zero out methane emissions and eliminate routine flaring by 2030.

“We need a system-wide holistic transformation of entire economies – economies that currently run on the equivalent of 250 million barrels of oil, gas, and coal every single day,” Jaber added.