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Saudi Aramco Base Oil Company-Luberef

Climate love

Oil companies pledge to major fossil fuel cut by 2050

Countries and oil companies at the UN climate talks have promised to make major progress in tackling global warming in a large new energy pledge. Saudi Arabias Aramco is one of 50 oil and gas companies pledging to stop adding to planet-warming gases by 2050. But that only covers emissions from production, not the actual burning of fossil fuels. Around 100 countries also promise to treble the renewable energy the world uses by 2030. However, there will be no penalties for missing targets and the promises are not binding. The pledges have been strongly criticised by environmental groups who say it does not meaningfully tackle climate change because it allows fossil fuel production to continue. And not all of them appear to be new. Many oil companies that have signed up to this commitment had previously announced they would reduce their emissions to zero. They also allow companies to increase oil and gas production in the short-term, as long as it is reduced by 2050. The pledge said that tripling renewable energy would help remove fossil fuels from the world’s energy system by 2050 at the latest. Addressing the summit on Saturday, COP28 President Sultan al-Jaber said the new pledge “adds up to more countries and more companies from more sectors than ever before, all aligning with our North Star of 1.5C”. World leaders agreed in Paris in 2015 to limit global warming to that amount. Burning huge amounts of oil, gas and coal is driving climate change but leaders cannot yet agree on how fast the world should stop using them. Mr Jaber called Saturday’s pledge “a great first step”. https://www.capitalfm.co.ke/news/2023/12/oil-firms-commit-to-major-fossil-fuel-cut-by-2050-at-cop28/?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=oil-firms-commit-to-major-fossil-fuel-cut-by-2050-at-cop28

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  • Rashid Kamau

    19 w

    They should mean what they pledge.

    4
    • winnie nguru

      19 w

      It so good to witness the conversion of companies from harmful to good ways of doing things

      4
      • George Kariuki

        19 w

        We need to see more ambitious action from oil and gas companies and governments to address climate change.

        6
        • Princess

          19 w

          Implementation and transparency will be key to ensuring these pledges translate into meaningful change.

          5
          • Gorffly mokua

            19 w

            Hope this in not another greenwashing episode!!

            4
            • walter lungayi

              19 w

              This is a positive step towards addressing climate change, but it remains to be seen if these pledges will be followed through with concrete action.

              3
              • Rotich Kim

                19 w

                This is promising but this company should be given policies to sigh as it's will be use to be held accountable

                6
                • Jane Wangui

                  19 w

                  Isn't 2050 too far away??It should be sooner rather later.

                  7
                  • rosebellendiritu

                    19 w

                    We are already in a crisis that we wish to come out of it soon,pledging for 2050,is a long wait,more damage will be done which will be irreversible

                    7
                    • Ingmar Rentzhog

                      20 w

                      2050? That is way too late!

                      6
                      • walter lungayi

                        19 w

                        @Rentzhog Indeed its too late for their move. They should come up with another option.

                        3
                      • johnte ndeto

                        20 w

                        I really admire when I see oil companies accept their fate towards climate change

                        11
                        • Elizabeth Gathigia

                          20 w

                          Let's see them honor their pledges

                          12
                          • CHRIS NGATIA

                            20 w

                            Needs to be sooner enough

                            7
                            • rosebellendiritu

                              19 w

                              @chris_ngatia true to avoid more disasters,and catastrophes

                              5
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