Executives are talking up their net zero plans, but there’s a risk the gap between rhetoric and reality becomes too wide.
The Abu Dhabi International Petroleum Exhibition and Conference, or Adipec, is the most oily event imaginable: acres of halls filled with people selling pipes, pumps and drill bits — everything you need to get fossil fuels out of the ground.
But looking at the slogans dotted round Abu Dhabi’s giant convention center, you’d think the industry is already on the verge of ending carbon emissions.
Saudi Aramco says it’s “Paving the way to net zero.” Adnoc, Abu Dhabi’s national oil company, has ranks of banners reading: “Together towards net zero.” BP Plc? “Net zero from ambition to action.” Occidental Petroleum Corp. goes with a pithy “Zero in.”
Read more: bloomberg.com
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