Countries must start phasing out oil, coal and gas - not just emissions - he says. Read more at straitstimes.com.
for COP28, due to start Nov 30, which could put talks at risk.
“Fossil fuel companies must also cease and desist influence peddling and legal threats designed to knee-cap progress. I am thinking particularly of recent attempts to subvert net-zero alliances, invoking anti-trust legislation,” Mr Guterres said. At least seven members of the Net-Zero Insurance Alliance, launched in 2021, have left - including five of the eight founding parties - over what they say are legal concerns about antitrust lawsuits.
Mr Guterres also called out companies for not yet reaching modest operational emissions reductions targets they have set and for relying too heavily on “dubious offset” credits.
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