The annual U.N. climate summit ran into overtime Tuesday as nations clashed over whether to commit to phasing out fossil fuels. But outside the talks, business deals were flourishing.
World leaders may be struggling to reach a landmark agreement at COP28. But just outside the closed-door negotiations, the United Nations’ annual climate summit proved to be a bonanza of lucrative business deals, including for the oil and gas industry.
Climate Change
Summit Sold Its Midwest Pipeline as a Carbon Solution. Now, It’ll Be Used for Fossil Fuels.
The pivot reveals a company adapting to Trump’s “drill, baby, drill” agenda and looking to cash in on recently boosted tax incentives for enhanced oil recovery.
For four years, battles over private property rights have gridlocked state legislatures across the Midwest and stalled plans for a pipeline to transport liquified carbon dioxide from ethanol plants in the region.
Summit Sold Its Midwest Pipeline as a Carbon Solution. Now, It’ll Be Used for Fossil Fuels.
“Today, as in the beginning, life is still made out of carbon dioxide, and the world’s problems are made out of carbon dioxide as well.”
From our collaborating partner Living on Earth, public radio’s environmental news magazine, an interview by Jenni Doering with Peter Brannen, the author of “The Story of CO2 Is the Story of Everything.”
The 4-Billion-Year Perspective to Understanding Earth’s Current Climate Crisis
Climate Change
Trump’s ‘God Squad’ Will Weigh Gulf Oil Drilling Against the Survival of Endangered Whales and Turtles
Citing national security, the Trump administration wants to exempt all federally regulated offshore oil from protections for endangered animals—even if it could cause their extinction.
The Trump administration is turning to the nuclear option on endangered-species protections in the name of national security.
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