COP28 News Roundup | November 3- 9, 2023

<p><strong>New York, New York</strong>&nbsp;&mdash; An AFP investigation has found that McKinsey, a US-based consulting firm, has been advocating for that contradict its public stance on climate goals that fall short of COP28 targets. The firm&lsquo;s client base includes major oil players like ExxonMobil and Aramco.</p> <p>According to confidential documents obtained by AFP, McKinsey&rsquo;s draft for the upcoming COP28 presidency suggests reducing oil use by only 50 percent by 2050 and calls for trillions in new oil and gas investments annually until then.</p> <p>Critics argue that McKinsey&rsquo;s energy scenario for COP28 seems to be &ldquo;written by the oil industry for the oil industry.&rdquo; The proposal, according to Kingsmill Bond of the Rocky Mountain Institute, lacks credibility in achieving net-zero targets and appears to prioritize the interests of oil and gas companies over the multilateral climate agreement.</p> <p><a href="https://medium.com/purpose-and-social-impact/cop28-news-roundup-november-3-9-2023-9c3cadb6edc3"><strong>Click Here</strong></a></p>
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