COP28: OPEC's Opposition to Fossil Fuel Phase Out Sparks Controversy

Leaked letters from the OPEC oil cartel reveal their concern that the UN climate summit, COP28, could lead to a tipping point against fossil fuels. The letters urge OPEC member countries to reject any text or formula that targets energy rather than emissions. The letters highlight OPEC's fear that a phase-out of fossil fuels could jeopardize their people's prosperity and future. Over 100 countries are pushing for a phase-out of fossil fuels, which would signal the end of the coal, oil, and gas era. Carbon emissions from fossil fuels are the main driver of the climate crisis, and urgent cuts are needed to limit global heating. OPEC prefers to focus on emissions and carbon capture technology, but experts argue that this approach is unrealistic and economically damaging.