Oil Producers Back Climate Deal Despite Fossil Fuel Language

Oil industry executives on Wednesday said they more or less backed the agreement coming out of the United Nations climate summit in Dubai, despite its language calling for “transitioning away from fossil fuels.” “We support the outcome of COP28,” said a spokesman for Shell, Europe’s largest energy company. Eni, the Italian energy giant, praised the …

Global Carbon Budget Report Finds Fossil Fuel Emissions Still Rising

Despite years of commitments from countries to slash the emissions of greenhouse gases that are warming the planet, they are still on the rise. Carbon dioxide released from burning fossil fuels is expected to rise by 1.1 percent in 2023 compared with 2022, scientists found in an extensive peer-reviewed analysis published this week. Researchers from …