Statement from Adnan Amin, CEO of COP28

The IEA report reinforces the need for COP28 to be an inflection point in the world’s efforts to tackle climate change and keep 1.5 within reach. The world must deliver an ambitious decision on the Global Stocktake and give the world some good news.

The report specifically notes that all sectors must be part of the solution. Real tangible climate action will only come with everyone at the table, and we have always said that we cannot have an energy transition without the energy industry.

I have consistently called on oil and gas to aim for the highest possible ambitions and deliver urgent action through decarbonization. We believe the oil and gas industry can do more. That is why I have been calling for the oil and gas industry to align around net zero by or before 2050 and zero out methane emissions by 2030. They must decarbonize their own businesses and support the global transition.