COP28 boss urges Big Oil to join fight against climate change

12 03 2023 | 18:02Reuters

Cop28 president and oil and gas executive Sultan al-Jaber urged energy conference participants in Houston to do more faster to limit global warming

A top oil executive from the United Arab Emirates has urged the energy industry to join the fight against climate change, borrowing a famous line from a U.S. astronaut aboard a damaged spacecraft during the Apollo 13 mission in 1970.

“Houston, we have a problem,” Sultan al-Jaber, chief executive of Abu Dhabi National Oil Company and president-designate of the COP28 climate summit, said to loud applause from the nearly 1,000 attendees of at the CERAWeek energy conference.

“Energy leaders in this room have the knowledge, experience, expertise and the resources needed to address the dual challenge of driving sustainable progress while holding back emissions,” Jaber said in his speech to an audience that included OPEC Secretary General Haitham Al Ghais and U.S. climate envoy John Kerry.

Jaber and Kerry, who strode to the stage and shook Jaber’s hand when the speech ended, left the room together. The two held a meeting ahead of the conference on Sunday.

“Look forward to working together to deliver ambitious action on clean energy transition and align the oil and gas sector w/ 1.5C imperatives,” Kerry later tweeted.

Jaber was a controversial pick to lead the COP28 climate summit because his country is an OPEC member and major oil exporter. The United Arab Emirates is only the second Arab state to host the conference, after Egypt in 2022.

He called on his peers to get behind efforts to limit global warming. “Alongside all industries, the oil and gas needs to up its game, do more and do it faster,” Jaber said.

The UN-backed climate change conference’s recent inclusion of oil and gas representatives is a far cry from 2021 summit, where energy companies complained they were shut out of the event.

Jaber’s appointment as COP28 president last year fuelled activist concerns that the oil industry was hijacking the world’s response to the global warming crisis.

Some activists demanded he give up his ADNOC role to steer the event. Jaber’s COP28 presidency involves shaping the conference agenda and negotiations between governments.

But others say the whole energy industry needs to be involved in the energy transition. Russia’s invasion of Ukraine sparked an energy crunch that underscored continued dependence on fossil fuels and vulnerability to supply disruptions.

On Monday, Jaber emphasised that he would “consult and convene” with all members of the energy world.

“This industry must take responsibility and lead the way,” he said of the oil and gas sector. “Let’s remember that progress is made through partnership not polarisation.”

 

PHOTO CREDIT : Top energy executives and officials from around the world gather during the CERAWeek 2023 energy conference in Houston, Texas, U.S., March 6, 2023. (Photo: REUTERS/Callaghan O'Hare)

F