Oil Producers Push for Bigger Voice in Climate Talks Ahead of COP28 Summit - The Wall Street Journal
Oil Producers Push for Bigger Voice in Climate Talks Ahead of COP28 Summit - WSJ
Updated Oct. 2, 2023 1:42 pm ET
ABU DHABI—Less than two months before it hosts the United Nations’ climate summit, the United Arab Emirates on Monday gathered the world’s fossil-fuel producers together for one of the world’s biggest annual oil-and-gas conferences, calling on the industry to be central to the world’s efforts to reduce emissions.
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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.