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Did the Planet Gain From the Latest Annual COP Agreement?
At this year’s COP, the 28th meeting of the world’s nations and parties interested in addressing climate change, the fossil fuel industry had a prominent seat at the table. They were there in force with more than 2,400 lobbyists and industry representatives. Considering the final COP-issued statement, the fossil fuel industry, particularly oil and gas, saved itself for another day and frankly did better than holding the status quo. For the price of committing to sustainable practices and a future transition from fossil fuels, they will continue to invest tens of billions of dollars in new projects and operations, flirt with carbon capture technology in its current unproven state and make carbon offset purchases. What the fossil fuel industry has won is a reprieve. What the rest of the world has experienced is empty promises.
Did the Planet Gain From the Latest Annual COP Agreement?
The result of this year's COP is a weak statement acknowledging the need to transition from coal, oil and gas to meet 2050 zero emissions targets but with no penalties and no enforcement. What it has become in the words of one climate scientist, "a trade fair for fossil fuel companies" and a "last attempt by those who don't want change."
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