Urban Fold

Reduce Oil Dependence, Pay the Saudis

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

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