Cop27 leaves oil and gas unscathed
Opposition from producer countries made a commitment to ‘phase down’ fossil fuels impossible
November’s Cop27 conference ended in disappointment for climate activists after two weeks of talks in the Egyptian resort of Sharm el-Sheikh failed to produce consensus on a timeline for ending the production of fossil fuels. Some countries, along with a huge array of NGOs, came to the summit hoping to arrive at a clear schedule for phasing out oil and gas production. Kausea Natano, prime minister of Tuvalu—a Pacific archipelago highly vulnerable to rising sea levels—hit the headlines with his call for a ‘fossil fuel non-proliferation treaty’. Advocates of such a treaty demand an immediate end to new oil and gas projects and call for existing production to decline “at a pace consistent with

Also in this section
23 May 2025
LNG projects need the certainty of long-term contracts, but Henry-Hub–linked deals put buyers at significant risk
22 May 2025
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected
22 May 2025
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
22 May 2025
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections