This COP is Beat: Big Oil Emerges Victorious as Global Climate Talks Stall

Douglas McIntyre, editor-in-chief of Climate Crisis, reports on the failure COP29, this year’s UN-run climate talks, where no agreements were made on funding climate action in poorer countries or offsetting emissions in wealthy ones. With the estimated annual cost of combatting global warming reaches $1 trillion, oil companies and producing nations emerged as winners, with record-breaking crude production and plans for further increases. This outcome casts doubt on any significant progress against the climate crisis in the next decade.