Climate Deal Won't Have Immediate Impact On Gulf Oil barrons.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barrons.com Daily Mail and Mail on Sunday newspapers.
An agreement to "transition away" from fossil fuels may be a landmark moment but don't expect quick changes among the major producers of the Gulf, where the deal was hammered out."The UAE benefit from the production of fossil fuels, but they have already embraced that transition, way before the other producers," she said.
DUBAI, Dec 14 An agreement to “transition away” from fossil fuels may be a landmark moment but don’t expect quick changes among the major producers of the Gulf, where.
The head of UN climate talks pressed nations Friday to move fast to deliver an "unprecedented" pact on tackling global warming, as negotiators scrambled to bridge differences over phasing out fossil fuels.Climate campaigners have viewed Jaber head of UAE national oil firm ADNOC with deep suspicion, but he has sought to assure sceptics by stating that a phase-down of fossil fuels was "inevitable".
The head of the UN climate summit pressed nations Friday to strike a deal as talks resumed after a break, with only four days left for negotiators to iron out differences over the fate of fossil fuels. A draft deal was released on Tuesday but negotiators failed to produce another text on Wednesday before heading into the break.