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Gas and oil business faces ‘moment of truth’ forward of COP28 – report

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Gas and oil business faces ‘moment of truth’ forward of COP28 – report

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The International Energy Agency launched a report on the way forward for fossil fuels and stated oil and fuel producers have ‘pivotal choices’ to make

Gas and oil business faces ‘moment of truth’ forward of COP28 – report (PA)

An worldwide report says that oil and fuel producers are going through a “moment of truth” to embrace a shift to scrub power or proceed to deepen the local weather disaster.

The world power watchdog, the International Energy Agency (IEA), launched a report on the way forward for fossil fuels and stated oil and fuel producers must make “pivotal choices about their role in the global energy system”.

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