The Organization of Petroleum Exporting Countries on Monday said the oil and gas industry is being unjustly vilified ahead of a pivotal United Nations conference on the climate crisis later this week.
OPEC Secretary General Haitham Al Ghais pushed back against accusations that the industry is not doing enough to reduce carbon emissions.
The industry was taken to task last week for its role in the climate crisis and its commitment to clean energy by the Paris-based International Energy Agency (IEA).
Oil and gas companies face a “moment of truth” in which they must choose between deepening the climate crisis or embracing the shift to clean energy, according to an IEA report published last Thursday.
The OPEC chief, who’s also a Kuwaiti oil executive, accused the IEA of downplaying the importance of energy security, access and affordability, all of which need to be balanced with reducing emissions, he said.