Sunday, April 26, 2026

COP28 ‘moment of truth’ for oil industry, says energy boss

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Esme Stallard

Climate and science reporter, BBC News

Haidar Mohammed Ali/AFP/Getty Images An Iraqi oil technician turns a valve at a gas installation as flames resulting from the burning of excess hydrocarbons rise in the background at the Nahr Bin Omar natural gas field, north of the southern Iraqi port of BasraHaidar Mohammed Ali/AFP/Getty Images

A new report is warning against the expansion of oil fields

The world’s oil and gas industry has been warned it faces a “moment of truth” at next week’s UN climate talks.

Dr Fatih Birol, head of energy watchdog the International Energy Agency, was speaking as the IEA published a new report on the future of fossil fuels.

He said the sector must choose between contributing to the climate crisis or “becoming part of the solution”.

Last year fossil fuel companies were responsible for just 1% of global investment in renewable energy.

The publication of this report just a…



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