• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Environmentclimate change

UAE oil exec says we ‘we need to attack all emissions, everywhere’ and must be ‘brutally honest’ about climate change crisis

By
Frank Jordans
Frank Jordans
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Frank Jordans
Frank Jordans
and
The Associated Press
The Associated Press
Down Arrow Button Icon
July 13, 2023, 4:50 PM ET
Sultan al-Jaber
Designated UN conference president Sultan al-Jaber attends the United Nations Climate Change Conference in Bonn, Germany, Thursday, June 8, 2023. Martin Meissner—AP Images
Add Fortune on Google for similar content.

The head of this year’s United Nations climate talks called Thursday for governments and businesses to tackle global warming by reducing greenhouse gas emissions in all regions and sectors if they want to stop the planet from passing a key temperature limit agreed on more than seven years ago.

Recommended Video

Sultan al-Jaber of the United Arab Emirates, who also heads one of the country’s state oil companies, told senior officials from Europe, Canada and China gathered in Brussels that record-breaking heat seen across the world recently shows the need for urgent action to curb emissions.

Laying out his strategy for the upcoming COP28 global climate talks in Dubai this fall, al-Jaber said that leaders “must be brutally honest” about what has caused the sharp rise in temperatures since pre-industrial times and how to stop them from climbing further.

While many fossil fuel companies have pledged to reduce direct and indirect emissions from their operations — known as scope 1 and 2 — many have refused to take responsibility for so-called scope 3 emissions resulting from sources they don’t own or control, such as consumers using their gas. The latter make up the majority of emissions, and cutting those effectively means reducing demand for fossil fuels.

“We need to attack all emissions, everywhere. One, two and three,” al-Jaber said, adding that he plans to bring together governments, major energy producers and heavy emitting industries to develop a practical plan for limiting global warming to 1.5 degrees Celsius (2.7 Fahrenheit) in line with the 2015 Paris climate accord.

Scientists say achieving this target requires halving global emissions by 2030 and current efforts are far off track. Al-Jaber urged governments to come forward with more ambitious national targets for cutting emissions in the next few months.

Climate campaigners cautiously welcomed the plan.

“This is a much-needed kick up the backside from Sultan al-Jaber, to get counties to upgrade their climate targets by September,” said Illari Noriega of the anti-poverty group Christian Aid.

“The climate is showing that we need to be acting far far quicker than the current slow progress,” she said. People are dying due to terrible drought in East Africa, more than 100 million people are now under a heat warning in the United States and a road worker in Italy became the latest fatality of a lethal heat wave across Europe this week.

But some expressed concern at al-Jaber’s call to phase down “unabated fossil fuels” and promote “clean energy solutions” — terms they fear are designed to leave loopholes for oil and gas companies to keep up production.

Al-Jaber said the world must “use every emission-busting tool available, including nuclear, battery storage and carbon capture and removal technologies, especially for the hardest-to-abate sectors.” Experts have expressed skepticism that carbon capture technology touted by the fossil fuel industry and some governments can deliver the reductions necessary to meet that goal in the near term.

“What we need to see at COP28 is a commitment by governments to phasing out all fossil fuels, since that is the only way to keep the 1.5 degree target alive,” said Petter Lydén of the campaign group Germanwatch.

Al-Jaber reiterated calls for a sharp increase in renewable energy production and funds to help developing countries make the transition away from polluting fuels and cope with the impacts of climate change.

The European Union’s top climate official, Frans Timmermans, warned that more public and private funds were still spent on fossil fuels than on preventing and adapting to climate change.

“We are subsidizing an attack on all of humanity,” he said. “We’re investing in a worse future, not a better one. We’re paying to put our children and grandchildren in harm’s way.”

Timmermans warned that with global warming picking up faster than feared, disrupting weather patterns across the planet and hitting the vulnerable hardest, governments need to show they have a credible plan to tackle the crisis.

“The one thing we need to avoid, and we’re very close, we’re very close, is that our citizens fall into despair about the climate crisis,” he said.

Timmermans said that the EU wants to commemorate the victims of the climate crisis each year on July 15, the anniversary of a deadly flood that claimed more than 200 lives in Germany, Belgium and the Netherlands two years ago.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Frank Jordans
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

t
CommentaryMedia
Netflix could turn NBC into its biggest bet yet — and this time, the math actually works
By Jeffrey Sonnenfeld and Steven TianJune 30, 2026
2 days ago
heat
EnvironmentHeat
America’s getting a heat dome for July 4th — it won’t kill you at 2pm but might at 2am
By Alexa St. John and The Associated PressJune 30, 2026
2 days ago
Photo of a clouded leopard cub
EnvironmentData centers
America’s AI hunger has reached the Nashville Zoo, and its endangered animals may be the ones to pay the price
By Marco Quiroz-GutierrezJune 30, 2026
2 days ago
ac
Commentaryclimate change
Top climate tech exec: Europe is sweating through a heat crisis America solved decades ago
By Taco EngelaarJune 30, 2026
2 days ago
Should you go to work during a heat wave? Your productivity suffers, and GDP tanks when it’s hot
Environmentclimate change
Should you go to work during a heat wave? Your productivity suffers, and GDP tanks when it’s hot
By Catherina GioinoJune 30, 2026
2 days ago
This summer’s heat is a live stress test for data centers—here’s what it’s revealing in real time
AIData centers
This summer’s heat is a live stress test for data centers—here’s what it’s revealing in real time
By Tristan BoveJune 29, 2026
3 days ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
23 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
21 hours ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
18 hours ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.