Yay, We're Saved. UAE Oil Industry CEO Urges Oil Industry To "Join The Fight" As Climate Collapses

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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 U.S. 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.

"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 U.S. climate envoy John Kerry.

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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 fuelled 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.

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https://www.reuters.com/business/energy/ceraweek-uaes-jaber-urges-big-oil-tackle-climate-challenges-2023-03-06/