Despite the almost universal promise to move towards an exit from hydrocarbons, many countries are still banking on oil and gas for a long time.
At the COP28 held in Dubai a year ago, the whole world agreed, for the first time, on a “ transition » towards the abandonment of fossil fuels. A year later, the hard-won promise is slow to materialize. Azerbaijan, which is hosting COP29 this year, is even accused by NGOs of forgetting the subject in order to protect its oil and gas interests. Baku denies it, of course.
Several states continue to approve the development of new oil and gas fields, with oil companies investing in them more than ever. TotalEnergies, which launched six projects in 2024, in Brazil, Suriname, Angola, Oman and Nigeria, announced that it would increase its hydrocarbon production by 3% per year by 2030, mainly gas. liquefied (LNG). “ Demand for oil increases », at a rate of nearly 1 million barrels per day, or around 1% of global consumption…
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