London | Abu Dhabi | Sultan al-Jaber, president-designate of this year’s UN climate summit, said the oil and gas industry must prepare for an inevitable “phase down” of fossil fuels as he warned the sector should not be seen to work against decarbonisation efforts.

Speaking to the Financial Times, Mr Jaber — who is also head of the Abu Dhabi National Oil Company, one of the world’s biggest oil and gas groups — said he is in talks with fossil fuel producers about an initiative focused on cutting greenhouse gas emissions that is due to be launched at the COP28 climate summit in Dubai later this year.

Financial Times