UAE oil giant raises climate goal ahead of key UN summit

Abu Dhabi National Oil Company brought forward its net zero carbon emissions target by five years to 2045 on Monday as OPEC member the United Arab
Emirates prepares to host a major U.N. climate conference in December.
The UAE state oil giant, which aims to expand its oil and gas output in the coming years, also disclosed for the first time the emissions from its operations, which reached about 24 million metric tons of carbon dioxide equivalent in 2022.
The disclosure comes months before Dubai hosts the United Nations COP28 climate summit, whose incoming president is ADNOC Chief Executive Sultan al-Jaber, a choice which has drawn criticism from climate activists.
The United Arab Emirates supplies nearly 3% of global oil, which is a major source of greenhouse gases.
ADNOC said its upstream carbon intensity was around 7 kilograms of carbon dioxide equivalent per barrel of oil equivalent, which is among the lowest in the world.