Speaking at the"Climate Changes Everything" summit at the sidelines of the UN General Assembly, Christiana Figueres, among the key negotiators of the landmark 2015 Paris Agreement, said that the industry had failed to put"out of the park" profits back into developing renewables.
"Instead of doing everything that they do and applying their amazing engineering capacity, they've been actually doing the opposite," she said. The issue of the industry's participation is a hugely contentious point for the climate action community, even as the president-designate of the talks, Sultan Al Jaber, is himself an oil executive.
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