Democracy Dies in Darkness

Oil companies’ unexpected plan to tackle climate change

Saudi Arabia and other big fossil fuel entities sign onto initiatives to cut methane as they try to position themselves as part of the fix for climate change

Updated December 2, 2023 at 10:32 a.m. EST|Published December 2, 2023 at 3:00 a.m. EST
A flare burns natural gas at an oil well in Watford City, N.D. The federal agency that regulates pipelines announced in May new rules aimed at reducing leaks of methane, a potent greenhouse gas, from a network of nearly 3 million miles of natural gas pipelines. (Matthew Brown/AP)
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Many of the world’s biggest oil companies announced Saturday that they would slash methane emissions from their wells and drilling by more than 80 percent by 2030, an ambitious plan that could help curb runaway global warming.

The unexpected pledge, which could be one of the most consequential results from the United Nations Climate Change Conference, or COP28, underscores the fossil fuel industry’s profound influence at this year’s talks in Dubai. Sultan Al Jaber — the Emirati oil executive leading COP28 — had pushed for the international pact as a way to demonstrate how petrostates and oil and gas companies can speed the transition to cleaner energy.