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At UN Climate talks, oil companies pledge to combat methane; Environmentalists call it "smokescreen" [Yahoo! Finance]

Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
and end routine flaring in their operations by 2030, the president of this year's United Nations climate talks said Saturday, a move that environmental groups called a “smokescreen." The announcement by Sultan al-Jaber, president of the climate summit known as COP28 and head of the Abu Dhabi National Oil Co. , comes as he and others have insisted his background would allow him to bring oil companies to the negotiating table. Al-Jaber has maintained that having the industry's buy-in is crucial to drastically slashing the world's greenhouse emissions by nearly half in seven years to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) compared with pre-industrial times. The pledge included major national oil companies such as Saudi Aramco, Brazil's Petrobras and Sonangol, from Angola, and multi-nationals like Shell, TotalEnergies and BP. “The world does not work without energy,” said al-Jaber. “Yet the world will break down if we do not fix energies we use today, m Show less Read more
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