The absence of a ‘phase-out’ let petrostates off the hook, but there are other ways to end the era of coal, oil and gas
Petrostates fought fiercely against the call from 130 nations at Cop28 for a fossil fuel phase-out. That is because they are engaged in a colossal fossil fuel phase-up, already working on double the extraction that the planet can cope with.
“This (IEA) report is a stunning rebuke to all the Canadian oil executives and politicians claiming that they can simply slap on some government-funded carbon capture and continue with business as usual in a world rapidly weaning itself off of oil and gas," said Keith Stewart, senior energy strategist for Greenpeace Canada, in an email Thursday.