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Dec 9, 2014
Dec 9, 2014
Dec 8, 2014

Oil producers face ‘huge liabilities’ in climate deal -Saudi Arabia

LIMA, Dec 8 (Reuters) – Saudi Arabia’s top climate
negotiator said on Monday that growing pressure to phase out
fossil fuels does not help the UN climate negotiations and that
a new climate deal should help oil producers diversify their
economies.

As UN climate change negotiations enter their second week in
Lima, chief Saudi Arabian negotiator Khalid AbuLeif said a deal
on climate change to be finalized next year in Paris should
address the “vulnerabilities” of countries whose economies are
dependent on a single resource or sector.

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