India should stick to its position that further investment in developing and extracting oil and gas resources is needed in tandem with the exploration of carbon-free alternatives at the upcoming global COP28 climate change summit in the UAE, Petroleum Ministry officials said. This stance has been part of the Ministry’s recommendations to inter-ministerial consultations on COP28, they said.
“The argument is in line with Prime Minister Narendra Modi’s call to ensure major investments into India’s oil and gas exploration and production (E&P) sector, even as we remain committed to boosting renewable energy and phasing out carbon emissions.
