"Oil Producers Resist Fossil Fuel Phase-Out, Highlighting Climate Pledge Gaps at COP28"

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Source: Reuters
"Oil Producers Resist Fossil Fuel Phase-Out, Highlighting Climate Pledge Gaps at COP28"
Photo: Reuters
TL;DR Summary

None of the world's major oil and gas-producing countries, including Saudi Arabia, the United States, Russia, China, and the United Arab Emirates, have plans to phase out fossil fuel production despite pledging to reach net zero emissions, according to data from the Net Zero Tracker. Only three minor producers, Denmark, Spain, and France, have set out plans to eventually stop drilling. The findings highlight the gap between countries' climate change targets and their real-world plans to continue producing CO2-emitting energy. The data comes as governments at the COP28 climate summit debate whether to agree for the first time to phase out CO2-emitting fossil fuels.

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