Oil and gas giants say they’re active in energy transition already


An employee looks out over the illuminated petroleum cracking complex at the Lukoil-Nizhegorodnefteorgsintez oil refinery in Russia.

Bloomberg / Contributor

The CEOs of some of the world’s leading energy companies have defended their position in the energy mix after the COP26 climate summit focused attention on the future of the industry.

Energy industry leaders and insiders were plentiful at COP26 in Glasgow as government officials, corporates and activists clashed over emission-reduction targets, pledges and deals to keep global temperature rises to a minimum at the COP26 climate summit.

Speaking on a panel at the ADIPEC energy forum in Abu Dhabi hosted by CNBC’s Hadley Gamble, the CEOs of BP, Lukoil, Occidental and Eni insisted they were diversifying their energy offering and reducing carbon emissions while also maintaining supplies of hydrocarbons that are still heavily relied upon.

“We just have to get the opportunity to explain what we’re doing and to…

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