From the Paris agreement to COP28, how oil and gas giants try to influence the global climate agenda

From the Paris agreement to COP28, how oil and gas giants try to influence the global climate agenda

IndiaTimes

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The COP president dismisses calls to phase out fossil fuels, claiming there is no scientific basis for such demands. However, it is concerning that the conference has become a platform for oil trading, with a record number of fossil fuel lobbyists attending. The oil majors have previously advocated for a carbon tax on companies' CO2 emissions, suggesting a two-step approach involving global implementation and international agreement. Implementing a carbon tax globally is challenging due to the need for international coordination, as carbon leakage could occur if not all countries participate.

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