UN chief criticizes oil companies for 'raking in' mega profits at climate summit

UN Secretary-General António Guterres addressed the climate summit in Turkey, emphasizing the economic and security costs of fossil fuel dependence. He criticized record profits by oil companies since the Iran conflict, noting that the EU has incurred over €100 billion in extra fossil fuel import costs. Guterres highlighted significant price increases for gasoline and diesel in many countries, while oil companies are projected to earn over €95 billion in just three months. Despite a slight dip in CO2 emissions, the war has disrupted global energy markets and led to record coal production. Guterres urged nations to take clear steps away from fossil fuels, but the absence of key leaders raises doubts about prioritizing this issue.