Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Jack Quinn

COP28 Makes Progress On Methane And Climate Finance; Talks Derailed By Fossil Fuel Phase-Out

Gas flaring at a Pemex oil rig in the Gulf of Mexico, photographed in 2022. (Credit: Reuters)

International delegates continue to meet in Dubai this week and next for COP28, the annual flagship UN climate and energy conference.

Fifty oil and gas companies, including ExxonMobil and Aramco (but excluding Chevron and ConocoPhillips), signed a non-binding pledge to curtail methane emissions by 2030, it was announced on Saturday. The companies will reportedly curb all methane emissions to "near-zero" by the end of the decade, as well as stopping the regular flaring of natural gas.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.