- CNPC to join a pledge by oil and gas companies to cut methane emissions to zero by 2030.
- 52 international and national oil companies had joined the Oil and Gas Decarbonization Charter
China National Petroleum Corporation (CNPC) would soon join a pledge by oil and gas companies to cut methane emissions to zero by 2030 and reach net zero by or before 2050, COP28 President Sultan Al Jaber said.
At the ongoing CERAWeek energy conference, Al Jaber said 52 international and national oil companies had joined the Oil and Gas Decarbonisation Charter, representing 44 per cent of oil production.
“This is major progress. But it is not enough,” Al Jaber said, calling other oil and gas firms to “step up and sign up.”
Al Jaber’s COP28 presidency announced the charter with Saudi Arabia in December during the United Nations climate summit in Dubai, where nearly 200 countries agreed to transition away from fossil fuels.
Before now, CNPC said it aims for a peak in carbon emissions by around 2025, reaching near-zero emissions by 2050, a decade ahead of China’s carbon neutrality target of 2060.
Among the charter’s signatories are BP, Eni, ExxonMobil, Aramco and ADNOC, which Al Jaber leads as chief executive.
Climate activists had criticised the summit in the United Arab Emirates, a leading oil exporter and member of the Organization of Petroleum Exporting Countries (OPEC).
Jaber, who also chairs UAE renewable energy firm Masdar, said his background in all forms of energy was ultimately beneficial.