|
CNBC'S MOST SHARED
- 'We're in the Middle of a Crash': Black Swan
- The Rising Mountain of Debt May Be the Next Crisis
- Latvian Banker Taking Souls as Collateral
- Your First Move For Monday July 6th
- Malaysia PM Speaks to CNBC
- NY City Apartment Sales Down More Than 50%
- Alaska Governor Sarah Palin Will Resign
- The Worst Expected 2010 State Budget Gaps
- Cuddle Parties Heat Up
- SEC May Reinstate Rules for Short-Selling Stocks
- The Rising Mountain of Debt May Be the Next Crisis
- Alaska Governor Sarah Palin Will Resign
- For Banks, Wads of Cash and Loads of Trouble
- SEC May Reinstate Rules for Short-Selling Stocks
- For Australian Winemakers, More Turns Out to Be Less
- Earnings Season: A Likely Game-Changer
- Slideshow: Best-Selling Fourth of July Fireworks
- Divisions Dominate as Third Quarter Begins
- Stanford Clients Sue Insurance Broker Willis Group
- Fireworks At Pharma's Market
- Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock
- Michael Jackson: The Music And The Money
- Five Stock Picks for This Market
- Realities of the New Obama Refis
- Weak Dollar Means Gold at $1,040: Strategist
- Court Ruling Could Mean Trouble for TiVo
- Lance, Please Back Out Of Tour
- TeleMedicine Gets An Apple App Store Facelift
A statement to be issued at a meeting of OPEC leaders this weekend will emphasize the role of the exporter group in helping to combat climate change, delegates from the producer group said on Friday.
![]() |
Heads of state from the Organization of the Petroleum Exporting Countries are holding a summit in Riyadh on Nov. 17-18. Oil ministers have said the meeting will not decide short-term oil output policy, which will be discussed when they meet in Abu Dhabi on Dec. 5.
OPEC oil, finance and foreign ministers were expected to meet later on Friday to decide the wording of the draft declaration.
"It will emphasize the role of OPEC countries and oil producers in mitigating global warming," said one delegate who has seen the draft. "It is not about short-term issues."
Oil ministers attending forums ahead of the summit have said the group, which pumps more than a third of the world's oil, is concerned about climate change and is willing to take part in efforts to reduce emissions.
The group's Secretary General, Abdullah al-Badri, said on Thursday that carbon capture and storage (CCS) technology could be a solution and that OPEC would be willing to play its part to develop the technology.
CCS may be one of the best ways to cut emissions of man-made heat-trapping gases blamed for global warming, but development has been slowed by high costs and legal and safety risks, a United Nations study said.









