50 Big Oil Companies Pledge Significant Emission Reductions

50 Big Oil Companies Pledge Significant Emission Reductions

Developing Nations Press Rich World to Better Fight Climate Change at UN Climate Summit

Leaders of developing nations jumped into Saturday's second-day of a UN climate summit to press rich industrial countries to share their knowhow to fight global warming and ease the financial burdens they face — while trumpeting their own natural resources that swallow heat-trapping carbon in the air.

The annual United Nations Conference of the Parties, known as COP28, in the United Arab Emirates featured about 150 presidents, prime ministers, royals and other leaders who are presenting their plans to cut heat-trapping emissions and mostly seek unity with other nations to avert climate catastrophe that seemed to draw closer than ever in 2023.

The developing world took center stage early Saturday, with Vice President Kamala Harris of the United States set to speak later.

African leaders noted their continent's rainforests help gobble up excess carbon dioxide in the air and their countries have belched out a tiny fraction of heat-trapping emissions compared to richer countries.

Teodoro Obiang Nguema Mbasogo of Equatorial Guinea — one of sub-Saharan Africa's biggest oil producers — faulted developed nations for failing to deliver on their pledges to meet their commitments on financing for climate action and meet