In the imminent COP28 conference scheduled to take place in Abu Dhabi later this month, the oil and gas industry is gearing up to present a simple yet compelling message. It will lobby the global community not to demonize the industry but rather to channel collective efforts toward reducing carbon emissions, thereby creating a more sustainable and environmentally friendly energy landscape. The core argument is that altering consumption patterns and enhancing energy efficiency can have profound impacts, alongside the gradual introduction of renewable energy options. The industry believes that these actions can foster a tangible shift towards a cleaner future, displaying its readiness to actively participate in the global fight against climate change.
1. At the upcoming COP28 conference in Abu Dhabi, the oil and gas industry plans to argue that efforts should be focused on reducing carbon emissions, not eliminating the industry.
2. The industry will lobby for a shift in consumption patterns, increased energy efficiency, and the introduction of renewable energy as measures to create a more sustainable energy landscape.
3. The core message from the oil and gas industry will be about the utilization of global resources to foster a tangible shift towards a cleaner environment in the fight against climate change.
4. Rather than complete cessation, industry leaders will advocate for the reduction of carbon emissions through the development and use of technically advanced solutions for capturing and storing emissions.
5. The oil and gas industry believes in a balanced approach: reducing fossil fuel demand while improving the ability to manage their environmental impact, a stance they plan to emphasize during the COP28 conference.
The oil and gas industry contributes to approximately 50% of global carbon emissions, according to a 2017 report.
The industry leaders will emphasize the necessity of reducing carbon emissions as opposed to phasing out fossil fuels entirely. They propose the development and implementation of cutting-edge technologies that can capture and store emissions, thereby mitigating the environmental impact. The oil and gas industry wishes to stress that a balanced approach, one that involves reducing demand for fossil fuels while simultaneously improving the capacity to manage the consequences of their use, is more pragmatic and beneficial for all stakeholders. This will be their primary standpoint during the COP28 discussions in Abu Dhabi.