The Fort Worth Press - OPEC push on fossil fuels draws ire at climate talks

USD -
AED 3.673007
AFN 63.503205
ALL 82.78735
AMD 368.501999
ANG 1.790403
AOA 917.000493
ARS 1470.999601
AUD 1.446383
AWG 1.80125
AZN 1.70203
BAM 1.718856
BBD 2.018008
BDT 123.091796
BGN 1.69088
BHD 0.377901
BIF 2992.837369
BMD 1
BND 1.297974
BOB 6.938524
BRL 5.203202
BSD 1.001973
BTN 94.864877
BWP 13.624819
BYN 2.814079
BYR 19600
BZD 2.015116
CAD 1.42081
CDF 2265.000143
CHF 0.810235
CLF 0.023173
CLP 912.029887
CNY 6.774797
CNH 6.79765
COP 3428.4
CRC 454.535468
CUC 1
CUP 26.5
CVE 96.906446
CZK 21.2905
DJF 177.720107
DKK 6.5684
DOP 58.644918
DZD 133.636966
EGP 49.7169
ERN 15
ETB 161.535521
EUR 0.87874
FJD 2.251301
FKP 0.754878
GBP 0.75825
GEL 2.644996
GGP 0.754878
GHS 11.246649
GIP 0.754878
GMD 72.999832
GNF 8779.291769
GTQ 7.644241
GYD 209.623413
HKD 7.84115
HNL 26.807458
HRK 6.620995
HTG 131.00145
HUF 312.568505
IDR 17927.1
ILS 2.99632
IMP 0.754878
INR 94.74005
IQD 1312.563167
IRR 1375000.000051
ISK 126.530301
JEP 0.754878
JMD 157.717811
JOD 0.709017
JPY 161.568981
KES 129.410174
KGS 87.450009
KHR 4021.248643
KMF 431.000018
KPW 900.00035
KRW 1534.009705
KWD 0.30898
KYD 0.834996
KZT 487.384102
LAK 22188.337654
LBP 89725.095575
LKR 335.228721
LRD 182.352683
LSL 16.522564
LTL 2.95274
LVL 0.60489
LYD 6.429642
MAD 9.377774
MDL 17.639408
MGA 4185.964758
MKD 54.164854
MMK 2099.387374
MNT 3579.000015
MOP 8.091488
MRU 39.79664
MUR 47.95968
MVR 15.459892
MWK 1737.391847
MXN 17.587719
MYR 4.140503
MZN 63.877447
NAD 16.522564
NGN 1369.919684
NIO 36.867777
NOK 9.796035
NPR 151.78296
NZD 1.764585
OMR 0.384504
PAB 1.001977
PEN 3.39166
PGK 4.394272
PHP 61.449502
PKR 278.668893
PLN 3.76585
PYG 6107.983882
QAR 3.652503
RON 4.610962
RSD 103.180107
RUB 74.499982
RWF 1469.343633
SAR 3.755291
SBD 8.065041
SCR 13.385005
SDG 600.521313
SEK 9.74456
SGD 1.297255
SHP 0.746601
SLE 24.750254
SLL 20969.503664
SOS 572.656446
SRD 37.482986
STD 20697.981008
STN 21.530796
SVC 8.767412
SYP 110.532098
SZL 16.517116
THB 33.269016
TJS 9.293141
TMT 3.51
TND 2.965857
TOP 2.40776
TRY 46.476955
TTD 6.803181
TWD 31.668977
TZS 2625.008027
UAH 44.976754
UGX 3667.442985
UYU 40.189832
UZS 12038.49365
VES 616.865275
VND 26325
VUV 118.758526
WST 2.756325
XAF 576.48558
XAG 0.016191
XAU 0.000242
XCD 2.70255
XCG 1.805774
XDR 0.716966
XOF 576.48558
XPF 104.811706
YER 238.650269
ZAR 16.555802
ZMK 9001.20146
ZMW 17.97425
ZWL 321.999592
  • RBGPF

    -0.2700

    60.34

    -0.45%

  • CMSD

    -0.0990

    21.981

    -0.45%

  • CMSC

    -0.1200

    22.04

    -0.54%

  • RIO

    -3.8000

    95.56

    -3.98%

  • GSK

    1.3150

    52.055

    +2.53%

  • BCE

    0.3900

    23.04

    +1.69%

  • AZN

    4.5900

    181.02

    +2.54%

  • NGG

    0.6000

    81.57

    +0.74%

  • RELX

    0.3800

    31.21

    +1.22%

  • BTI

    1.8450

    60.745

    +3.04%

  • VOD

    -0.0700

    14.05

    -0.5%

  • BCC

    -0.7300

    71.81

    -1.02%

  • RYCEF

    0.2300

    18.63

    +1.23%

  • JRI

    -0.0170

    12.633

    -0.13%

  • BP

    -0.4600

    39.32

    -1.17%

OPEC push on fossil fuels draws ire at climate talks
OPEC push on fossil fuels draws ire at climate talks / Photo: © AFP/File

OPEC push on fossil fuels draws ire at climate talks

Negotiations over the future of fossil fuels heated up at UN climate talks on Saturday, with OPEC catching flak over the oil cartel's push to block any phase-out in the final deal.

Text size:

The tone has veered between optimism and concern about the pace of talks as negotiators have held marathon sessions aimed at finding a compromise on the fate of oil, gas and coal.

OPEC added fuel to the fire after it emerged that its Kuwaiti secretary general, Haitham Al Ghais, sent a letter to the group's 13 members and 10 allies this week urging them to "proactively reject" any language that "targets" fossil fuels instead of emissions.

"I think that it is quite, quite a disgusting thing that OPEC countries are pushing against getting the bar where it has to be," Spanish ecology transition minister Teresa Ribera, whose country holds the rotating EU presidency, told reporters.

Dramatically scaling up the deployment of renewable energy while winding down the production and consumption of fossil fuels is crucial to achieve the global goal of limiting warming to 1.5 degrees Celsius.

The High Ambition Coalition, a broad group of nations ranging from Barbados to France, Kenya and Pacific island states, also criticised the OPEC move.

"Nothing puts the prosperity and future of all people on Earth, including all of the citizens of OPEC countries, at greater risk than fossil fuels," said Tina Stege, climate envoy for the Marshall Islands, which chairs the coalition.

"1.5 is not negotiable, and that means an end to fossil fuels," Stege added.

- Iraq supports OPEC -

A third draft deal released Friday offers various ways to phase out of fossil fuels, but it also includes the option to not mention them at all in the final text.

Saudi Arabia had until now been the most vocal country against a phase-out or phase-down of fossil fuels.

In the OPEC letter sent Wednesday, Ghais said it "seems that the undue and disproportionate pressure against fossil fuels may reach a tipping point with irreversible consequences".

Assem Jihad, spokesman for Iraq's oil ministry, told AFP his country supports the OPEC letter.

Iraqi oil minister Hayan Abdel Ghani "has rejected attempts to target fossil fuels", Jihad said.

He added that Ghani has tasked Iraq's COP28 delegation to "ensure that the wording of the final statement puts the emphasis on world cooperation on a reduction of emissions in order to preserve the environment and climate".

But another OPEC member, COP28 host the United Arab Emirates, has taken a conciliatory tone throughout the negotiations and acknowledged that a phase-down was "inevitable".

- 'Critical stage' -

Canadian climate minister Steven Guilbeault told AFP he was "confident" that the final text would contain language on fossil fuels.

Guilbeault is among a group of ministers who have been tasked by COP28 president Sultan Al Jaber to shepherd the negotiations and find an agreement by Tuesday, when the summit is due to end.

"It's a conversation that will last a few more days," Guilbeault said.

"Different groups are talking and trying to understand on what we could agree, but it's still quite an embryonic conversation," he added.

German climate envoy Jennifer Morgan said countries were "now moving into the critical stage of negotiations" but she was "concerned that not all are constructively engaging".

Fresh calls for a phase-out were made by ministers addressing a plenary session on Saturday.

"We are extremely concerned about the pace of the negotiations, given the limited time we have left here in Dubai," said Toeolesulusulu Cedric Schuster, chairman of the Alliance of Small Island States (AOSIS).

AOSIS has pushed hard for a phase-out, warning that their nations were on the frontlines of climate change, with rising seas threatening their existence.

"I implore you, let this COP28 be the summit where we leaders are remembered for turning the tide," Schuster said, adding that stepping up renewable energy "cannot be a substitute for a stronger commitment to fossil fuel phase-out."

P.Navarro--TFWP