From the Paris agreement to COP28, how oil and gas giants try to influence the global climate agenda
Sunday, 10 December 2023 The COP president dismisses calls to phase out fossil fuels, claiming there is no scientific basis for such demands. However, it is concerning that the conference has become a platform for oil trading, with a record number of fossil fuel lobbyists attending. The oil majors have previously advocated for a carbon tax on companies' CO2 emissions, suggesting a two-step approach involving global implementation and international agreement. Implementing a carbon tax globally is challenging due to the need for international coordination, as carbon leakage could occur if not all countries participate.
Initially, concerns about the impact of the Israel-Hamas conflict on the global economy were dismissed, as nearby oil-exporting regions continued their production without disruption. Despite efforts by..
US Setting Historic , Oil Production Record.
A recent report revealed that the United States
is currently on track to produce more oil
than any other country in history. .
CNN reports that the news..
Credit: Wibbitz Top Stories Duration: 01:31Published
The final week of the United Nations climate conference, COP28, focuses on the future of fossil fuels in addressing the dangerously warming planet. Negotiators... IndiaTimes
Sunday, 10 December 2023
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