Oil-and-gas corporations are banking on a glacial tempo of progress on slicing fossil-fuel use on this 12 months’s spherical of local weather negotiations—they usually might effectively get it.
The U.N. Local weather Change Convention, COP28, begins Thursday with an oily twist. It’s being hosted by the United Arab Emirates, which pumps greater than 3 million barrels of oil a day. The Group of the Petroleum Exporting Nations, of which the U.A.E. is a member, can have a pavilion on the local weather summit for the primary time.
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