The United States of America’s Intention to Form a Net-Zero Producers Forum

There is no greater challenge facing our nation and our planet than the climate crisis. That’s why President Biden has laid out the boldest climate agenda in our nation’s history – one that will spur an equitable clean energy economy and cement the United States on a path to net-zero emissions by 2050. To achieve our global climate goals we need cooperation from all major emitters, including oil and gas producing nations, to identify and act on solutions to phase out unabated fossil fuel emissions, while reducing emissions to the maximum extent possible in the interim. For this reason, the U.S. Department of Energy has led on creating a new international forum dedicated to developing long-term strategies to reach global net-zero emissions.

Joint Statement on Establishing a Net-Zero Producers Forum between the Energy Ministries of Canada, Norway, Qatar, Saudi Arabia, and the United States

Canada, Norway, Qatar, Saudi Arabia, and the United States, collectively representing 40 percent of global oil and gas production, will come together to form a cooperative forum that will develop pragmatic net-zero emission strategies, including methane abatement, advancing the circular carbon economy approach, development and deployment of clean-energy and carbon capture and storage technologies, diversification from reliance on hydrocarbon revenues, and other measures in line with each country's national circumstances.