OPEC letter shows the oil cartel’s worry over the COP28 climate talks
Veteran negotiators at the United Nations climate talks Saturday said that the push to wean the world from dirty fossil fuels had gained so much momentum that they had poked a powerful enemy: the oil industry.
Late Friday, multiple news sources reported that the leader of OPEC, the powerful oil cartel, wrote to member countries earlier this week urging them to block any language that would phase out or phase down fossil fuels. The news had the effect of a thunderclap, shining a light on host and petrostate United Arab Emirates, which clearly has oil interests but also wants to show the world that it can lead the conference toward a substantive result.
Environmental activists, still smarting after decades of soft power from oil interests keeping such discussions from seeing the light of day, smirked at signs that the mighty cartel was circling the wagons.