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    Question

    Consider the following statements about Oil and Gas

    Decarbonization Charter (OGDC): 1. Recently, UNEP announced the official launch of OGDC. 2. It is a dedicated initiative for the oil and gas sector. 3. It aims to induce substantial impact in addressing climate challenges. Which of the statements given above is/are not correct?
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 2 and 3 both Correct Answer Incorrect Answer

    Solution

    Dr. Sultan Al Jaber, President of the Conference of Parties (COP28), together with the Kingdom of Saudi Arabia, has officially introduced the Oil and Gas Decarbonization Charter (OGDC), a specialized initiative for the oil and gas industry.  The primary objective of the OGDC is to make a significant impact on addressing climate challenges within the sector. Presently, 50 companies, jointly accountable for more than 40 percent of global oil production, have pledged their commitment to the OGDC.

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