Reduce Oil Dependence, Pay the Saudis

Posted by: Tim Halbur

15 October 2009 - 12:00pm

While other nations work to fight climate change and cut oil consumption, Saudi Arabia thinks they should be guaranteed compensation for the fall in revenue.

"The oil-rich kingdom has pushed this position for years in earlier climate-treaty negotiations. While it has not succeeded, its efforts have sometimes delayed or disrupted discussions. The kingdom is once again gearing up to take a hard line on the issue at international negotiations scheduled for Copenhagen in December."

Full Story: Saudis Seek Payments for Any Drop in Oil Revenues

Source: The New York Times, October 14, 2009