The average temperature in the Arctic this summer was the warmest on record, per a report released by the National Oceanic and Atmospheric Administration on Tuesday.
DUBAI, United Arab Emirates — Activists at COP28 in Dubai brought the war in Gaza to the forefront of the UN climate talks over the last two weeks, linking their calls for climate justice to their demands for a ceasefire.
The big picture: The theme — "there's no climate justice without human rights" — has for years been a common message of the climate justice movement, but activists this year were specifically focused on calling for the rights of Palestinians to be respected and the end to the war in Gaza as Israel's bombardment and ground offensive continue to intensify.
U.S. shale oil deals are booming, in defiance of the broader M&A slowdown and talk about an energy transition.
Driving the news: Occidental Petroleum yesterday said it would pay around $12 billion to buy CrownRock, an energy producer focused on the Permian Basin in West Texas.
DUBAI, United Arab Emirates — Countries are headed for marathon climate negotiations, after receiving a draft decision text from the COP presidency on Monday that pleased virtually no one.
Why it matters: This summit is likely to be judged by its language on the future of fossil fuels, as well as provisions on climate adaptation and finance.
DUBAI, United Arab Emirates — The newest draft of the COP28 agreement that emerged Monday evening local time significantly dials back the scale of actions to reduce fossil fuels, specifically by erasing the terms "phase out" or "phase down" from the options.
Yes, but: This is not the final text, and many countries are expected to vigorously oppose this draft during what is expected to be a long night in Dubai and a contentious day on Tuesday.
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