Saudi Energy Minister Won’t Agree to Fossil Fuel Phase Down

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman says the kingdom won’t agree to a text that calls for the phase down of fossil fuels at the COP28 summit in Dubai.

“Absolutely not,” he said when asked in a TV interview in Riyadh whether his country, the world’s top oil exporter, would be happy to see the language added.

An agreement to call for a fossil fuel phase out or phase down is a key demand of many countries at COP28 including the US and EU. The text must be agreed unanimously. Talks are due to run until Dec. 12. Negotiators have been looking at other formulations — such as limiting the shift to “unabated” fossil fuels or tying it to a just transition. Abdulaziz, who’s the half brother of Crown Prince Mohammed bin Salman, didn’t say whether such a fudge would be acceptable to Saudi Arabia.

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