The COP28 climate summit showcased progress and limitations of UN climate summits. The decision text acknowledged fossil fuels as the cause of the climate emergency, but fell short of calling for a phaseout. Despite this breakthrough, recent developments in the oil and gas industry contradict COP28 goals. Transitioning away from fossil fuels is crucial, but there may be loopholes allowing short-term sales of crude oil. Ultimately, all countries must transition away from fossil fuels. Natural gas has also been a topic of recent developments.
Oil in the time of climate summit
The world’s largest oil companies gathered in New York City on Monday [September 23, 2019]. At the same time, global leaders met at the UN Climate Summit. Executives from thirteen […]