Big gas chiefs bill themselves as climate leaders at COP27 – Reuters

Big gas chiefs bill themselves as climate leaders at COP27 – Reuters

SHARM EL-SHEIKH, Egypt, Nov 14 (Reuters) - The heads of two big natural gas companies told Reuters on Monday they were seeking to use the setting of the COP27 international climate summit to bill their industry as a leader in the fight against global warming.

The charm offensive by gas producers EQT (EQT.N) and NewMed Energy (NWMDp.TA) reflected the friendlier reception enjoyed by some fossil fuel companies at this year's U.N. climate negotiations in Egypt, following years in which they were ostracized as the chief villains of global warming.

"The most important thing is for people to see America’s largest natural gas producer here at COP27 as a symbol that we’re going to be a leader in energy transition," Toby Rice, EQT's (EQT.N) chief Executive, told Reuters on the sidelines of COP27 in Sharm el-Sheikh on Monday.