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50 oil and gas companies pledge to cut operational emissions

Fifty oil and gas companies representing 40 percent of global production, including Saudi giant Aramco and ADNOC of the United Arab Emirates, pledged at the UN’s COP28 climate talks to decarbonise their operations by 2050. The non-binding agreement also involves zero methane emissions and eliminating routine flaring this decade. PetroChina, Brazil’s Petrobras, and other national oil companies, such as the National Oil Company of Libya, Malaysia’s Petronas, and Sonangol of Angola, also signed the accord.

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