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Fossil reliance costs
UN Secretary-General António Guterres warned at the COP31 climate conference in Antalya that dependence on fossil fuels is worsening the climate crisis and imposing economic and security costs on households, businesses and governments, particularly amid volatile energy prices and supply disruptions from the Middle East. He said nine oil companies were poised to make more than $95 billion in profits over three months—more than $1 billion a day—while continued growth in emissions threatens to push global warming beyond the 1.5°C threshold.
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