DUBAI, United Arab Emirates–The president of UAE-based energy company Crescent Petroleum on Tuesday declared that blaming the oil and gas market for the environment crisis “is like blaming farmers for obesity.”
His remarks come at the mid-point of the U.N.’s most significant and essential yearly environment conference, with lots of at the police28 talks in Dubai requiring presidents from almost 200 nations to accept a nonrenewable fuel source stage out.
The burning of coal, oil and gas is without a doubt the biggest factor to environment modification, representing more than three-quarters of international greenhouse gas emissions.
“Blaming the producers of oil and gas for climate change is like blaming farmers for obesity. It’s our societal consumption that is the issue,” Crescent Petroleum CEO Majid Jafar informed CNBC’s Dan Murphy on Tuesday.
“Now, we will still need oil and gas throughout the transition and there is no scenario, even the most ambitious scenario, that does not include that.”
Majid Jafar, president of Crescent Petroleum Co., right, provides Sultan Ahmed Al Jaber, president of Abu Dhabi National OilCo (ADNOC) and president of police28, center, a headscarf in the colours of the United Arab Emirates nationwide flag throughout the Summit on Methane and Other Non- CO2 Greenhouse Gases on day 3 of the police28 environment conference at Expo City in Dubai, United Arab Emirates, on Saturday,Dec 2, 2023.
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Among a flurry of promises in the very first couple of days of police28 was a dedication by some 50 oil and gas business to cut methane emissions from their own operations by 2030.
U.N. Secretary-General Ant ónio Guterres stated that the statement was “a step in the right direction” for Big Oil and revealed that the nonrenewable fuel source market was “finally starting to wake up.” However, he stated the guarantees made “clearly fall short of what is required.”
Asked about Guterres’ remarks, Jafar stated he thought oil and gas would continue to play a significant function in the shift to cleaner energy innovations.
“So, with all respect for that viewpoint, perhaps he should start with the U.N. itself. Maybe he should have traveled here in a wooden boat, with sails, rowing when the wind died down,” he stated.
“Maybe he should move the U.N. staff to upstate New York to a forest somewhere where they can grow their own food, without fertilizers. He has to take away all their smartphones, they can’t use email, they can use maybe carrier pigeon for U.N. communications.”
IEA cautioning to Big Oil
Jafar stated he thought it was vital to produce oil and gas in a “cleaner” method however firmly insisted that nations around the world will continue to depend on nonrenewable fuel source usage.
“We’re actually failing on all three legs of the so-called energy trilemma: sustainability, affordability and availability. We have got to keep that in mind,” he stated.
Big Oil’s existence at the U.N. environment talks has actually long given contention, with lots of greatly vital of the scale of gain access to that nonrenewable fuel source lobbyists appear to have each year.
Others, consisting of previous U.S. Energy Secretary Ernest Moniz, think that the involvement of energy giants need to be invited at occasions such as police28
The International Energy Agency stated late last month that the nonrenewable fuel source market deals with a “moment of truth” about their function in the international energy system and the environment crisis.
“With the world suffering the impacts of a worsening climate crisis, continuing with business as usual is neither socially nor environmentally responsible,” the IEA’s Birol stated onNov 23.
“The industry needs to commit to genuinely helping the world meet its energy needs and climate goals,” he included.
