It found 17 other senior representatives from major fossil fuel companies at the talks – including ExxonMobil, BP, Occidental and ENI. Global Witness said the text and its analysis show how Cop28 has been cop-opted by the fossil fuel industry, with its president Sultan al-Jaber CEO of the Abu Dhabi National Oil Company (Adnoc). Al Gore wrote that Cop28 is “on the verge of complete failure” and that the draft looks as if it was written by petrostates “word for word”. Sir Alok Sharma questioned on the social media site X who the text is meant to serve, while the Marshall Islands’ delegate said his country will not “go silently to our watery graves”. The draft text at the current negotiations in Dubai has been criticised for being too weak, in that it suggests countries “could” triple renewable energy production and phase out “inefficient” fossil fuel subsidies, but does not describe these measures as necessary. The global average temperature has already warmed by around 1.2C above what it was before the Industrial Revolution, and countries have committed to stopping this from rising above 1.5C.Ĭurrent policies in place worldwide would take the Earth’s temperature to 3C by the end of this century, with the UN and the International Energy Agency (IEA) along with countless scientists and NGOs saying that fossil fuel production must decline rapidly in order to meet this and avoid catastrophic climate change. Use of fossil fuels is the main reason why the Earth’s climate is heating up and creating a more hostile environment for human beings. It comes amid a furious reaction from small island states and NGOs to a draft text of the summit agreement which allows for continued production of oil and gas.īy analysing industry data from Rystad Energy, campaign group Global Witness found that companies present at the negotiations plan to invest nearly 800 billion dollars (£636 billion) in hydrocarbons by 2030. Fossil fuel companies invited to the Cop28 climate talks are projected to produce more than 25 billion barrels of oil this decade, analysis shows.
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