Integrity and transparency are the foundation of our management and control system, which enables us to create lasting value for shareholders and all our stakeholders.

The appointment has prompted fierce criticism from environmental activists who questioned whether a major hydrocarbon-producing nation should lead the negotiations.

“If we are serious about curbing industrial emissions, we need to get serious about carbon capture technologies,”

“We are now in a transition, and this transition needs to be just and pragmatic because not all countries have the resources,” she said.

The comments reflect deep divisions among nations over how to combat the growing danger from climate change ahead of UN negotiations, known as COP28, to be held in Dubai from November 30 to December 12.

Some wealthy Western governments and climate-afflicted island nations have been pushing for a phaseout of fossil fuels while resource-rich countries have campaigned to keep drilling.

At last year’s UN climate summit in Egypt, more than 80 countries, including members of the European Union and small island nations, agreed to include language in the final agreement calling for “a phasedown” of all fossil fuels. Other countries, including Saudi Arabia and China, urged Egypt not to include that language in the final text.

This month, the Group of Seven countries with the largest and longest developed economies agreed to hasten their phaseout of fossil fuel consumption although they did not set a firm date.

The appointment has prompted fierce criticism from environmental activists who questioned whether a major hydrocarbon-producing nation should lead the negotiations.

“If we are serious about curbing industrial emissions, we need to get serious about carbon capture technologies,” al-Jaber said at a climate technology meeting on Wednesday.

Since his appointment as COP28 president, al-Jaber has argued for a more inclusive approach to climate action that leaves no one behind, including the fossil fuel industry. His presidency involves shaping the conference agenda and negotiations between governments.