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Business Daily

Putting the 'F' word into climate talks

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 14 December 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

The COP 28 climate talks in Dubai have closed with a deal to "transition away" from fossil fuels.

So what does this mean for the future of oil, gas and coal companies?

Sam Fenwick talks to two companies who sent representatives to COP 28; the Norwegian energy giant Equinor and the Middle East's oldest private energy company, Cresent Petroleum. Do they plan to ever abandon fossil fuels entirely?

And she finds out what the leader of COP28’s Greenpeace delegation makes of the agreement.

Presenter: Sam Fenwick Producer: Lexy O'Connor

(Photo: Offshore drilling platform during sunrise with work vessel. Credit: Getty Images)

Transcript

Click on a timestamp to play from that location

0:00.0

COP 28, the deal is done.

0:06.8

There were tears, there was anger, and there were intense talks running late into the night.

0:12.3

But then, 24 hours late, we got this.

0:15.9

Hearing no objection, it is so decided.

0:21.6

And for the first time the F word was used.

0:25.6

We have language on fossil fuel in our final agreement for the first time ever.

0:35.6

Has the fossil fuel era come to an end?

0:40.5

The truth is we need fossil fuels today and tomorrow

0:43.3

and so we as an energy company continue to supply them.

0:47.3

I'm Sam Fenwick and today on Business Daily from the BBC World Service

0:51.6

you'll hear from the businesses at the heart of this argument.

0:55.6

How far are they willing to change?

1:03.0

Brace yourselves. What you're about to hear is what some people claim to be a historic moment in the fight against climate change.

1:11.4

I invite the CMA to adopt the draft decision entitled Outcome of the First Global Stock

1:18.5

Take contained in document F-Triple C slash PA.

1:24.0

Now it might not sound that exciting, but for those who sat through two weeks of negotiations,

1:29.3

it marks a big step towards cleaning up our polluting energy system.

1:34.7

I can hear you loud and clear. How are you?

1:38.0

I find thanks. Quite interesting days and nights have been here.

1:42.0

Kaysa Koznan is Greenpeace's delegation leader at COP28.

1:46.7

She's been in Dubai for the duration of the talks,

1:49.7

and I spoke to her a few hours after the final text was agreed.

...

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