Saudi Arabia, along with key oil-producing allies, is arguing that any calls for lower investment in new oil and natural gas development endorsed at a U.N. climate summit could lead to higher prices and widen the gap between rich and poor countries
climate talks
that start later this month and oppose rising calls for a reduction in fossil-fuel investment, according to people familiar with the strategy, arguing that such a move could further push up energy prices. The kingdom, along with key oil-producing allies, including the Organization of the Petroleum Exporting Countries, is arguing publicly and privately that any calls for lower investment in new oil and natural gas development endorsed at a United Nations climate summit that kicks off on Oct. 31 in Scotland could lead to higher prices and widen the gap between rich and poor countries.
France Dernières Nouvelles, France Actualités
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