UAE’s Jaber urges Big Oil to join fight against climate change
A top oil executive from the United Arab Emirates on Monday urged the energy industry to join the fight against climate change, borrowing a famous line from a US 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.
For the latest headlines, follow our Google News channel online or via the app.
“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 US 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 fueled 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 emphasized 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 polarization.”
Italy’s Eni signs cooperation accord with UAE’s ADNOCItalian energy company Eni has signed an accord with Abu Dhabi National Oil Co (ADNOC) for cooperating in promoting the energy transition as Prime ... Energy
UAE’s ADNOC Gas sets share price as part of new IPOThe United Arab Emirates’ (UAE) ADNOC Gas on Thursday announced its price range for the four percent of its shares in the company that it plans to ... Gulf
Gulf IPO rush resumes as UAE oil giant ADNOC plans largest deal of 2023The United Arab Emirates’ national oil company plans to raise $2 billion or more by listing its natural gas business in what could the largest initial ... Energy