Observers see OPEC 'panicking' as COP28 climate talks focus on possible fossil fuel phase-out
December 10, 2023
DUBAI, United Arab Emirates (AP) — Veteran negotiators at the United Nations climate talks Saturday said that the push to wean the world from dirty fossil fuels had gained so much momentum that they had poked a powerful enemy: the oil industry.
Late Friday, multiple news sources reported that the leader of OPEC, the powerful oil cartel, wrote to member countries earlier this week urging them to block any language that would phase out or phase down fossil fuels. The news had the effect of a thunderclap, shining a light on host and petrostate United Arab Emirates, which clearly has oil inte...