Oil (Petroleum) and Gasoline – Page 7

It’s Big Oil vs. Science at the U.N. Climate Summit

As negotiators work to agree on a final text, attention has turned to a fundamental question: Will the talks call for a phaseout of fossil fuels?

Sultan Al Jaber, responsible for leading the world away from fossil fuels, said there was “no science” to support a phaseout of oil and gas.

The Venezuelan president is holding a referendum to claim sovereignty over Essequibo, a large oil-rich swath of neighboring Guyana.

The measure, announced at the COP28 climate summit in Dubai, requires oil and gas producers to detect and fix leaks of the potent greenhouse gas.

Its new estimate of the economic impact of climate change could create the legal justification for aggressive new regulations.