Mike Bloomberg: Shift from oil must be ‘practical,’ praises UAE’s oil leader hosting climate summit

While heavily involved in promoting green energy technologies and battling human-caused global warming, Mr. Bloomberg has focused on combating the use of natural gas, coal and the plastics industry known as petrochemicals.

Mr. Bloomberg’s response was prompted by a question about whether his large amounts of resources might be better suited for targeting Big Oil companies such as ExxonMobil, Shell and Chevron. “The UAE as the site for COP28, and having Dr. Sultan, the guy from the UAE who is running the thing, is a smart thing to do because you’ve just got to get Big Oil — you’ve got to try to co-op them and have their practices be somewhat better,” Mr. Bloomberg said. “It’s irrational to think that they’re all going to go away. Big Oil is part of the problem. They’re also part of the solution.”

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Council Post: A Practical Guide To Security And Productivity In The CloudThe rapid migration to multi-cloud environments has revolutionized how companies manage their business, but it has also introduced new vulnerabilities in cybersecurity.
Source: ForbesTech - 🏆 318. / 59 Read more »

Practical use cases of NFTsThe practical use cases for NFTs go far beyond art, with a number of other industries starting to see significant applications.
Source: TheBlock__ - 🏆 464. / 53 Read more »

This Husband Made Calendar Reminders To Ask His Wife About Her Life, And People Are Reacting DifferentlyPersonally, I think this is cute and practical.
Source: BuzzFeed - 🏆 730. / 51 Read more »

Newsom-Bonta lawsuit against oil industry good PR strategy, bad for fighting climate changeAppearances have a much higher priority than practical matters in Sacramento.
Source: ladailynews - 🏆 332. / 59 Read more »