THE UN’S FORMER climate chief has “lost patience” with fossil fuel companies and said that they should steer clear of a major climate summit later this year if the industry refuses to be part of the solution.
Speaking at the “Climate Changes Everything” conference on the sidelines of the UN General Assembly, Christiana Figueres, among the key negotiators of the landmark 2015 Paris Agreement on reducing emissions, said that the industry had failed to put “out-of-the-park” profits back into developing renewables.
“Instead of doing everything that they do and applying their amazing engineering capacity, they’ve been actually doing the opposite,” she said.
Several oil and gas companies have been slowing down their decarbonisation commitments while paying out significant dividends to shareholders and lobbying governments to reverse climate commitments.
Asked whether to welcome them at the two-week talks at COP28 in Dubai starting in late November, Figueres said “it should depend on whether they are there to help and to accelerate decarbonisation,” or “whether they are literally operating against those objectives”.
The issue of the industry’s participation is a hugely contentious point for the climate action community, even as the president-designate of the talks, Sultan Al Jaber, is himself an oil executive.
Figueres said the sector from which the COP president comes was not as relevant as being true to the mandate, and in this regard, she offered some cautious praise.
While she was initially sceptical Al Jaber was separating his country’s national interest from global interest, “lately I have seen he is moving in that direction, which I celebrate”.
“I think he has understood the political international responsibility, multilateral responsibility that comes with that presidency.”
Jaber addressed a UN climate summit yesterday, acknowledging that “the phasedown of fossil fuels is inevitable” and “essential.”
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