OPEC Attempts to Influence Possible COP28’s Fossil Fuels Phase-Out Deal ...Egypt

The Organization of the Petroleum Exporting Countries (OPEC) is urging its members and other oil-producing allies to reject any proposed deals to phase out fossil fuels at the United Nations’ Climate Change Conference COP28 climate summit. Producers should “proactively reject any text or formula that targets energy” in the form of “fossil fuels rather than emissions,” Secretary-General Haitham Al-Ghais said in a letter dated December 6 to OPEC’s 13 members, including COP28 host the UAE. “It seems that the undue and disproportionate pressure against fossil fuels may reach a tipping point with irreversible consequences, as the draft decision still contains options on fossil fuels phase out,” A

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