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Commodities Briefing - Categorized | Environmental Trading, Market Moves, Oil more

Saudis fear climate talks will hurt OPEC oil income

Posted on 28 November 2011

Saudi Arabia, OPEC’s largest crude producer, will seek to ensure climate talks starting this week in Durban, South Africa, won’t unfairly limit the exporter group’s income, the kingdom’s envoy to the negotiations said.

Saudi Arabia and its OPEC partners are being asked to bear too much of the burden of cutting greenhouse-gas emissions because their economies depend on oil and natural-gas revenue, Mohammed al-Sabban, said in a speech at the Energy Dialogue conference in the capital Riyadh on Nov 21……………………………………….Full Article: Source


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