Oil-rich Gulf states’ fossil fuel strategy threatens COP28 climate action, experts warn

But “inevitable”, says Elgendy, “is a very calculative word”. In the name of energy market stability, fossil fuel giants including the United Arab Emirates, Saudi Arabia and the United States have argued for continued new investment in hydrocarbons ahead of the final transition. In October, Jaber said, “We cannot shut down today’s energy system before […]

UN climate summit: Protests, talks turn heat on fossil fuels and global warming

Yet accelerating transition to net zero carbon emissions requires a rapid and massive change in the energy landscape that “could cause severe damage to the economy,” Thomas Pyle, president of the US Energy Alliance, said last month. Environmental activists estimate that the five rich northern countries – the United States, Canada, Australia, Norway and the […]