Climate Activists Protest Oil Sequestration Debate

Climate activists protested in Davos on Sunday against the role of big oil companies at this week’s World Economic Forum, saying they were hijacking the climate debate.

Major energy companies including BP (BP.L), Chevron (CVX.N) and Saudi Aramco (2222.SE) are among the 1,500 business leaders gathering for the annual meeting at the Swiss resort, where global threats, including climate change, are in the offing. schedule.

“We demand concrete and real climate action,” said Nicolas Siegrist, the 26-year-old protest organizer who also heads the Young Socialists party in Switzerland.

The annual meeting of world business and political leaders officially opens in Davos on Monday.

“They will be in the same room with state leaders and defend their interests,” Siegrist said of the participation of energy companies at the World Economic Forum meeting.

The oil and gas industry has said it must be part of the energy transition, as fossil fuels will continue to play a significant role in the global energy mix as countries shift to low-carbon economies.

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