by Ruth Michaelson and Patrick Greenfield on (#660C0)
Kingdom’s Cop27 announcement of new storage hub part of pattern of delaying fossil fuel transition, experts saySaudi Arabia is bolstering years of negotiation tactics designed to stymie vital climate negotiations with a focus on carbon capture technologies that experts say risk delaying a meaningful transition from fossil fuels.The kingdom, which is the world’s second largest oil producer, accounting for roughly 15% of global output, announced plans at Cop27 in Egypt for what it labelled the “circular carbon economy”, in partnership with the national oil company, Aramco, which recently reported $42.4bn in profit. Continue reading...