arge swathes of the global oil industry will pledge to eliminate methane emissions and gas flaring by the end of the decade, the president of the COP28 climate summit said.
Global Energy Monitor analysis shows 30 companies, including UAE’s Abu Dhabi National Oil, contribute to nearly half of the energy industries’ methane emissions.
Global methane emissions from energy were only slightly below record high levels in 2022, the International Energy Agency (IEA) has confirmed, arguing that there is “just no excuse” for oil and gas firms not to intervene.
Canada and the United States pledged to take further steps to reduce methane emissions from the oil and gas sector at the United Nations Climate Change Summit in Egypt.