Oil Producers Back Climate Deal Despite Fossil Fuel Language - The New York Times

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At the United Nations climate conference, the final statement included elements that pleased oil and gas producers.

Oil industry executives on Wednesday said they more or less backed the agreement coming out of the United Nations climate summit in Dubai, despite its language calling for “transitioning away from fossil fuels.”

“We support the outcome of COP28,” said a spokesman for Shell, Europe’s largest energy company.

Eni, the Italian energy giant, praised the “great pragmatism” of the meeting.

Saudi Arabia, the de facto leader of OPEC, which had raised objections to an early draft of the agreement, endorsed the final deal, saying it left countries free to choose their own direction in addressing climate change.

“Dictating things has been buried,” said Prince Abdulaziz bin Salman, the Saudi oil minister, in an interview with Al Arabiya television. “And so people are free in their choices,” he added. The Saudi minister also said the COP28 deal would not have an impact on the country’s ability to sell crude oil, according to the outlet.

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Oil Producers Back Climate Deal Despite Fossil Fuel Language - The New York Times
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