Davos 2023: Climate activists protest the presence of oil giants at World Economic Forum

Climate activists are crying foul over the presence of the world’s biggest oil and gas firms at this week’s World Economic Forum – protests erupted ahead of the event.

Thousands of global business leaders and political elites will gather in Davos, Switzerland for the WEF, which runs from Monday to Friday. Executives from major energy firms including BP, Chevron and Saudi Aramco are expected to attend.

“We are demanding concrete and real climate action,” said Nicolas Siegrist, a 26-year-old organizer of the protest who heads Switzerland’s Youth Socialist Party.

Davos 2023: Bigwigs return to Swiss mountains amid financial crisis

“They’re in the same room with state leaders and they’re pushing for their interests,” Siegrist added.

More than 100 protesters gathered in snowy Davos Square and chanted “change your diet to suit the climate, eat the rich,” while some oil firms were mentioned during the speech.

ticker security the last one change change %
BP BP PLC 35.56 +0.25 +0.71%
CVX Chevron Corp 177.56 +0.48 +0.27%

Biden admin tries to tone down official heat, insists he’s not looking to ban gas stoves after backlash

Klaus Schwab

German Klaus Schwab, founder and president of the World Economic Forum, gestures at a press conference in Cologne, Switzerland, on January 16, 2013. (AP Newsroom)

“I know that some companies are involved in alternatives but I think that governments should turn the field in favor of alternative energy with their subsidies,” said Heather Smith, a member of the 99% organization. Smith is campaigning to stop development of the Rosebank oil and gas field in the North Sea.

This year’s WEF is set to feature more than a dozen panels related to energy and climate change concerns. Topics include clean energy infrastructure, climate litigation, decarbonisation of supply chains and increasing electricity consumption.

Oil industry exec rips White House after surprise keystone admission: Biden has created ‘economic boondoggle’

Sen.  Joe Manchin

Sen. Joe Manchin (D-WV) leaves the US Capitol after voting on August 03, 2021 in Washington, DC. (Kevin Dietsch/Getty Images/Getty Images)

Among those going to WEF will be one of the staunchest defenders of energy policies in Congress, Democratic Sen. of West Virginia. Joe Machin.

Manchin — whose defense of fossil fuels like coal and oil has rankled members of his party — is set to be part of the US delegation to Davos.

Mnuchin is scheduled to participate Thursday in a panel titled “Reviving the World” along with British Labor Party leader Keir Stormer, along with executives from a fuel cell company and a power and gas distribution company.

Get Fox Business on the go by clicking here

Panelists will discuss how leaders must juggle short-term energy needs with long-term supply and sustainability issues in the “global energy crisis context in which leaders must grapple with climate emergency, geopolitical conflict and pressures on prices.”

Former Vice President Al Gore, a longtime advocate for action on climate change who has faced criticism for his personal carbon footprint, will appear on a panel discussing research from ClimateTrace that found greenhouse gas emissions are significantly underreported around the world.

Reuters contributed to this report.


Also Read :  Israel election exit polls suggest Netanyahu on brink of winning narrow majority

Leave a Reply

Your email address will not be published.

Related Articles

Back to top button