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Climate Czar Tells OPEC to Pivot From Oil or Prepare to Suffer

  • UN’s top environment official received mixed reception
  • Oil business isn’t immune from climate chaos, Espinosa Says
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The world’s biggest crude exporters need to support the transition away from oil or prepare for growing climate-induced destabilization that could wreck their markets, the United Nation’s top environment official said.

“If we do not pay attention to this transition, their business is also going to suffer,” Patricia Espinosa said in an interview with Bloomberg News at a seminar ahead of an Organization for Petroleum Exporting Countries meeting in Vienna. “The conversation here is a lot about business and price. Very few people talk about sustainability.”