amount of coal they burned but a commitment on oil and gas use remains elusive. at the same time a meeting is also due to take those between the biggest oil producers and their allies, collectively known as opec plus of which the host, uae is a member. against that backdrop i have been speaking to david schlossberg, director of the sydney environment institute to remain sceptical about the of this year s climate talks. i think there are two clear problems. the first is the capture of the process by the fossil fuel industry and the second is the process itself. that is just the way it works. it means that petro states or countries that would captured by the fossil fuel industry can object to language and undermine real and strong changes. on the power of the fossil fuel industry, for this meeting we may be disappointed. we have the head of an oil state company setting the agenda and to me, that isjust an illustration of capture. he says it will be good to have the fossil fuel
legend for a billion dollars over his promotion of crypto exchange, binance. plus 12 months that changed the world one year on from the launch of chatgpt, how is the boom in artificial intelligence transforming the way we do business? hello if you have just hello if you havejustjoined us, you are very welcome. i am sally bundock. i am sally bundock. we start in dubai, where, as you have been hearing, 167 world leaders and 70,000 delegates from business, charities and faith groups are gathering for the latest round of global climate talks, the conference of the parties or cop28. of the parties, or cop28. eight years ago, in paris, nearly 200 nations pledged to keep global warming well below two degrees centigrade above pre industrial levels, and try to limit it to 1.5 degrees. but a recent un report has confirmed the world is not acting fast enough to achieve the paris goals. there is added controversy, this time around, given the event is hosted by one of the world s to
is due to take place between the world s biggest oil producers and their allies collectively known as 0pec+, of which the host uae is a member. against that backdrop, i spoke earlier to david schlosberg, the director of the sydney environment institute, who remains sceptical about the outcome of this year s climate. i think there are two key problems politically, the first is the process by the fossil fuel industry, and the second is the process of all countries on any agreement. so, it means that petro states or those in the fossil fuel industry can object to the language and undermine and wield strong changes. forthis undermine and wield strong changes. for this first or the obvious point for a hosier of the head of a state oil company setting the agenda for a price or which for me is weird. he said it is good to have fossil fuel industry editable but they have always been there. some in the community want to be cautiously optimistic, i think i m just cautious, i would be
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a balanced budget just will not make good economic sense since one. but the government sees that differently and still refuses to take on fresh debt. now to some of the other business stories making news japan s tech group softbank a loss of 6 and a half $1000000000.00 last quarter that compares with a profit of nearly $5000000000.00 a year ago the results were hit by loss making investments in startup we work and bright sharing app neither of which has turned an operating profit. voters across the river from new york city have approved restrictions on air b.n. b. and other short term rental companies jersey city has grappled with the housing crisis as landlords cashed in on tourists visiting new york air b.n. b. and its competitors are under fire in a number of u.s. cities for driving up the house of the cost of housing provided in. london and washington remain committed to reaching