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☆ Exxon Mobil CEO urges COP28 to focus on reducing emissions — not phasing out fossil fuels
▼ + stars: | 2023-12-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

There's also an ongoing debate about whether an agreement should center on "abated" fossil fuels, which are trapped and stocked with carbon capture and storage technologies, or "unabated" fossil fuels, which are largely understood to be produced and used without substantial reductions in the amount of emitted greenhouse gases. "We cannot save a burning planet with a firehose of fossil fuels," Guterres said. "The 1.5-degree limit is only possible if we ultimately stop burning all fossil fuels. Not everyone is on board with calls to phase out fossil fuels, however. An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203.

Persons: Darren Woods, There's, Steve Sedgwick, Woods, U.N, António Guterres, Guterres, Phaseout, David Paul Morris, Exxon Mobil's Woods, Tengku Muhammad Taufik, I'm Organizations: UNITED, EMIRATES, Exxon Mobil, United Arab Emirates, United Arab, Exxon Mobil Corp, Economic Cooperation, APEC, Bloomberg, Getty Images Bloomberg, Getty, Exxon, Big Oil, Petronas, Natural Resources, Mobil Locations: Dubai, COP28, Russia, United Arab Emirates, Asia, San Francisco , California, San Francisco, China, UAE, Washington , DC

Suryana has spent more than three decades living in the shadow of the power plant in northern Java, just 60 miles from Jakarta, Indonesia’s most populous city. Emissions from burning coal, which is highly polluting but relatively cheap, contribute up to a third of Indonesia’s air pollution according to Siti Nurbaya, Indonesia’s Environmental and Forestry Minster. The Indonesian government has called on residents to use public transportation and has given regulation and financial incentives to residents who want to shift from using gas or diesel-fueled vehicles to electric vehicles. The government is pushing to have more than 530,000 electric vehicles on the road in Indonesia by 2030. Because industry is contributing 30% to 40% of the air pollution in Jakarta, in addition to emissions from transportation,” Syuhada said.

Persons: Suryana, “ We’ve, ”, Ginanjar Syuhada, —, Siti Nurzanah, ” Nurzanah, Syuhada, “, Siti Nurbaya, Budi Karya, ” Syuhada Organizations: —, United Nations, Associated Press, World Health Organization, Air, Vital, Indonesia’s Ministry of Health, WHO, Jakarta Health Agency, Jakarta's Persahabatan, Persahabatan Hospital, Forestry, Transportation Locations: JAKARTA, Indonesia, Java, Jakarta, Indonesia’s, United, Dubai, Swiss, Indonesian, New York

☆ Climate activist Greta Thunberg arrested at London protest after disrupting major oil conference
▼ + stars: | 2023-10-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Henry Nicholls | Afp | Getty ImagesLONDON — Swedish climate activist Greta Thunberg on Tuesday was detained by police after joining hundreds of protesters to disrupt a major energy conference in London. Thunberg was arrested outside the InterContinental London Park Lane hotel during the "Oily Money Out" protest organized by Fossil Free London and Greenpeace. Their only plan is to profit at our expense," Nuri Syed Corser, an organizer with Fossil Free London, said in a statement. Fossil Free London said 27 people have been arrested so far and protests would continue outside the conference through to Thursday. Climate activists protest outside the InterContinental London Park Lane during the "Oily Money Out" demonstration organised by Fossil Free London on the sidelines of the opening day of the Energy Intelligence Forum 2023 in London on October 17, 2023.

Persons: Greta Thunberg, Henry Nicholls, Thunberg, Nuri Syed Corser, Corser, Vicki Hollub, Amin Nasser, Wael Sawan, We've, Tengku Muhammad Taufik, I'm, Taufik Organizations: InterContinental, Fossil Free, Greenpeace, Energy Intelligence, Afp, Getty, LONDON, Lane, Government, Energy Intelligence Forum, Money, Occidental Petroleum, Shell, The Met Police, Amnesty, Petronas, CNBC, Fossil Locations: Swedish, Fossil Free London, London, Saudi Aramco, Abu Dhabi

☆ ‘We are not in the business of ice cream’: Big Oil CEOs defend themselves against climate criticism
▼ + stars: | 2023-10-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Executives representing energy majors in the U.S., Europe and Asia speak during a CNBC-moderated panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates. "So, the debate has always been posed here, I'm reminded of an old saying: 'If you want to keep everyone happy, sell ice cream.' We are not in the business of ice cream — and I'm reminded, there are people who are lactose intolerant," Taufik said. "In mitigating climate change, there is also the opportunity to continue to produce oil for our energy security. Wael Sawan, chief executive officer of Shell Plc, speaks during a panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.

Persons: We've, Tengku Muhammad Taufik, I'm, Taufik, Vicki Hollub, Oxy, Hollub, Patrick Pouyanne, Pouyanne, Wael Sawan Organizations: CNBC, Abu, Abu Dhabi International Petroleum Exhibition, United, United Arab Emirates, Bloomberg, Getty Images, Monday, Big Oil, Amnesty, Petronas, Shell Plc, Getty Locations: U.S, Europe, Asia, Abu Dhabi, United Arab, Paris

☆ Petronas CEO: We have to make some tough decisions
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPetronas CEO: We have to make some tough decisionsPetronas CEO Tengku Muhammad Taufik says we have to make some tough decisions on energy security.

Persons: Tengku Muhammad Taufik Organizations: Petronas

☆ Petronas says national oil companies could become energy superstores years down the road
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

Speaking on the sidelines of the Energy Asia summit on June 27, Petronas' CEO Tengku Muhammad Taufik said that national oil companies could pivot to become energy superstores on the path to net zero.

Persons: Tengku Muhammad Taufik Organizations: Energy, Petronas

☆ Asia must reach net zero before the world can do so, says Petronas CEO
▼ + stars: | 2023-06-28 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

Petronas sign against the backdrop of the Twin Towers. Goh Seng Chong | Bloomberg | Getty ImagesAsia needs to achieve net zero before the world can do so, according to the CEO of Malaysia's state-owned oil and gas company Petronas. "The bulk of the emissions [that] are expected to emit will be produced in Asia going forward," Tengku Muhammad Taufik told CNBC's JP Ong Tuesday on the sidelines of the Energy Asia in Kuala Lumpur, Malaysia. "The world cannot achieve net zero without Asia achieving net zero," Taufik pointed out during the opening address of summit. Asia will represent half of global GDP by 2040, as well as 40% of global consumption, he added.

Persons: Goh Seng Chong, Tengku Muhammad Taufik, CNBC's JP Ong, Taufik, idealists Organizations: Petronas, Bloomberg, Getty, Energy, International Energy Agency Locations: Asia, Malaysia's, Energy Asia, Kuala Lumpur, Malaysia, Paris

☆ Indomie: Nigeria probes popular noodles after recalls by Malaysia, Taiwan
▼ + stars: | 2023-05-03 | by ( Nimi Princewill | ) edition.cnn.com time to read: +3 min

Abuja, Nigeria CNN —Nigeria’s food and drug regulator says it is investigating the popular Indomie brand of instant noodles following recalls in Malaysia and Taiwan where health authorities say they detected a potentially cancer-causing substance. “The public is … informed that the implicated Indomie instant noodle is not registered for sale in Nigeria. Indomie: The instant noodle giant in Nigeria 01:18 - Source: CNNIndonesian food giant Indofoods has defended the safety of its products. Indonesian food giant Indofoods says Indomie noodles is available in more than 100 countries across the world in Africa, Asia, Europe and the Middle East. Indomie first launched instant noodles in 1972 with a chicken flavor but is now produced in many varieties.

“We would like to emphasize that … our Indomie instant noodles are safe for consumption,” Taufik Wiraatmadja, a member of the board of directors at Indofoods, said in a statement issued Friday. Health officials in Malaysia and Taiwan said this week they had detected a compound called ethylene oxide in Indomie’s “special chicken” flavor noodles. Ethylene oxide is a colorless, odorless gas that is used to sterilize medical devices and spices. Indomie first launched instant noodles in 1972 with a chicken flavor. Unlike most types of instant ramen, Indomie noodles are typically eaten dry, without needing to prepare soup.

Others welcomed it as a sign the energy industry would get involved in the transition. Russia's invasion of Ukraine sparked an energy crunch that disrupted fossil fuel supplies to industry and consumers. A disorderly energy transition could be "painful and chaotic", Wirth said. Top U.S. oil firm Exxon said each country would take a different path to energy transition, depending on the resources available. In some countries, gas would be a transition fuel, said Liam Mallon, the president upstream oil and gas at Exxon.

JAKARTA, Dec 20 (Reuters) - Indonesia's new criminal code has grabbed headlines for making sex outside marriage illegal but Islamic parties wanted even harsher punishment for moral crimes in the world's largest Muslim-majority nation, accounts of behind-the-scenes negotiations reveal. "We found a middle ground, not only between nationalists and religious parties but also between progressive liberals and conservatives," he said. In forming the laws, a team of legal professors had turned to Indonesia's official dictionary, which defines adultery as any sex outside marriage, not just extramarital sex. The compromise reached in the final version carries a maximum one-year sentence for sex outside marriage and six months for cohabitation. "The Islamic parties benefit from the morality agenda ... while the other parties will benefit from strengthening of authoritarianism," he said.

☆ Oil CEOs say this winter is not the season to worry about when it comes to the energy crisis
▼ + stars: | 2022-11-01 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

The global economy is facing an onslaught from multiple sides — a war in Europe, and shortages of oil, gas and food, and high inflation, each of which has worsened the next. But as much concern as there is ahead of this winter, it's really the winter of 2023 that people should be worried about, major oil and gas executives have warned. "It's the next winter I think many of us worry, in Europe, could be even more challenging." watch nowThe CEO of Italian oil and gas giant Eni expressed the same worry. For this winter, Europe's gas storage is around 90% full, according to the International Energy Agency, providing some assurance against a major shortage.

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