COP28: Oil's Prominence Vexes Activists Seeking Industry's Demise - Bloomberg
COP28: Oil’s Prominence Vexes Activists Seeking Industry’s Demise - Bloomberg
Oil Is Everywhere at COP28, Vexing Those Seeking Its Demise
- UAE has given oil unprecedented access to climate talks
- Critics allege oil industry wants to slow action on climate
At the world’s most important climate summit, the Organization of the Petroleum Exporting Countries— whose members supply almost 30% of the world’s oil — has a pavilion for the first time.
There, staff were giving out a children’s book about oil. A grey-haired cartoon Professor named Riggs takes young readers through topics as arcane as the lightness and sourness of crude, before explaining why oil is important: “Without oil, we would not be able to continue to enjoy the same standard of living.” The book proved so popular that the pavilion ran out of copies just four days into the two weeks of COP28.
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Oil Is Everywhere at COP28, Vexing Those Seeking Its Demise
Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.