Big Oil, heavy industry discuss emission curbs ahead of COP28

2/10/2023 12:28

        Major oil and gas company chiefs held discussions with heavy industry bosses on Sunday in the United Arab Emirates in an effort to agree a firm commitment
        to reduce carbon emissions ahead of a United Nations climate summit next month.
        
        The COP28 summit is scheduled to take place in Dubai between Nov. 30 and Dec. 12.
        
        It is seen as a crucial opportunity for governments to accelerate action to limit global warming with reports so far showing countries are off track to meet promises to limit the rise in global temperatures to 1.5 degrees Celsius.
        
        "What we have done today is something quite unprecedented in the COP process, to bring together both the demand and supply side in terms of emissions," Adnan Amin, COP28 chief executive officer, told Reuters.
        
        Amin said the aim was to get major industry players to make decarbonization commitments that would help limit global warming.