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PetroChina announced on Monday that it has joined the “Charter to Reduce Emissions in the Oil and Gas Sector” launched at the UAE Conference of the Parties (COP28) late last year, joining more than 50 companies in the sector who have made their announcements. the commitment to reduce emissions, and the total production of companies So far, about 43% of the total oil production in the world has signed the letter.
Dr. Sultan Ahmed Al Jaber, President of the COP28 Conference of the Parties on Advanced Industry and Technology, emphasized that in line with the UAE leadership’s vision, the COP28 presidency is keen to implement comprehensive and effective climate action. Strengthening international cooperation with all parties and partners to promote efforts to reduce emissions, support sustainable economic and social development worldwide.
He said that the presidency of the COP28 launched the “Charter to Reduce Emissions from the Oil and Gas Sector”, as part of efforts aimed at establishing the principles of transparency, inclusion and inclusiveness, emphasizing the need for the participation of all stakeholders. the responsibilities of climate action and its negotiations, and the importance of benefiting from the efforts and capacities of the oil and gas sector in this area, and of its capacity to contribute effectively. 1.5°C target.
Huang Yongzhang, chairman of PetroChina, said the company is committed to green development and accelerating the transition to a low-emission future by following a three-step approach: “clean alternatives, strategic transformation and green development.” He added that PetroChina wants to be an integrated company in the field of energy that produces geothermal energy, electricity and hydrogen in addition to oil and gas.