Companies still investing too much in fossil fuels, global energy watchdog says ...Middle East

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Fossil fuel companies are investing twice as much in oil and gas as they should if the world hopes to limit rising global temperatures to avert a climate catastrophe, according to the International Energy Agency (IEA). The world’s energy watchdog said that the sector still had “minimal” engagement with the global clean energy transition, and continued to contribute just 1% of clean energy investment globally. In a special report before the Cop28 climate talks in Dubai, which begin on 30 November, the agency called on the oil and gas industry to show commitment to tackling pollution by balancing its investments in clean energy and fossil fuels. The IEA executive director, Fatih Birol, said

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Last updated : 23 Nov 2023 clock 08:20 AM

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Companies still investing too much in fossil fuels, global energy watchdog says ...Middle East

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