Observers see OPEC 'panicking' as COP28 climate talks focus on possible fossil fuel phase-out

The oil industry is starting to sweat as United Nations climate talks heat up and threaten to plug fossil fuel-belching wells for good, veteran negotiation observers say. A reported letter from OPEC's leader pleading with the oil cartel's member countries to block any language in an agreement at climate talks that would phase out or phase down fossil fuels hit negotiations like a thunderclap. Host and fellow petrostate United Arab Emirates is trying to tamp down its reverberations in a process where one or two key nations can block everything.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/OEsazh7

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