Oil Industry to Act on Methane and Flaring, COP28 Chief Says

Large 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.

More than 20 oil and gas producers, from both the private and state sectors, have made the commitment alongside setting targets to reach net zero by 2050, Sultan Al Jaber said at the Adipec oil and gas exhibition in Abu Dhabi on Monday. He did not name the companies. Tackling methane emissions is seen as a quick and effective climate solution because ton-for-ton it’s a far more potent agent of global warming than carbon dioxide in the short term.

Al Jaber’s presidency of the United Nations-sponsored talks has sparked controversy because he’s also head of Abu Dhabi National Oil Co., one of the world…