The Controversial Role of Fossil Fuels at COP29: A Transition or Lobbying Issue?

COP29 in Baku highlights the massive presence of fossil fuel representatives. Between lobbying and energy necessity, the debate on their role in the climate transition intensifies.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The Conference of the Parties on Climate, or COP29, hosted this year by Azerbaijan, has sparked heated debates over the role of fossil fuel actors. With nearly 1,800 representatives identified among participants, their influence on climate discussions is under scrutiny by NGOs and activists.

At this conference, dozens of energy-related events were held from the first day. Among the speakers were energy ministers from Kazakhstan and the United States, the CEO of TotalEnergies, and carbon market entrepreneurs. All positioned themselves as essential players in the energy transition.

Lobbying Accusations: A Barrier to Climate Progress?

Criticism is mounting against COP29, particularly from non-governmental organizations (NGOs) that denounce the growing influence of lobbying. A symbolic installation of a giant snake at the conference entrance underscored this mistrust. Activists like Makoma Lekalakala from EarthLife are calling for an immediate end to what they call “energy colonialism.”

Other influential voices, such as former U.S. Vice President Al Gore, expressed concerns. He pointed out Azerbaijan’s greenhouse gas emissions and criticized the control of negotiations by fossil fuel companies.

A Debate Between Necessity and Transition

Patrick Pouyanné, CEO of TotalEnergies, acknowledged that the fossil fuel industry is “part of the problem” while emphasizing his company’s continuous efforts to reduce its environmental impact. The company collaborates with Socar, Azerbaijan’s national oil company, to exploit a gas field in the Caspian Sea, illustrating the dual role of oil majors: both accused of slowing down the climate transition and considered indispensable partners.

The conference also featured discussions on climate financing. Negotiators are struggling to agree on the modalities to mobilize $1 trillion annually for developing countries. A draft text is awaited to clarify the divergent positions.

Perspectives for Future COPs

Despite criticism, notable progress has been made in previous editions, such as COP28’s agreement to gradually phase out fossil fuels. However, activists fear that the massive presence of lobbyists will slow this progress.

As ministers join negotiations next week, the challenge remains: reconciling the demands of energy transition with the economic interests of major energy powers. The outcomes of COP29 will determine whether this summit marks a decisive turning point or another step in a process deemed “too slow” by many participants.

Global South Utilities is investing $1 billion in new solar, wind and storage projects to strengthen Yemen's energy capacity and expand its regional influence.
British International Investment and FirstRand partner to finance the decarbonisation of African companies through a facility focused on supporting high-emission sectors.
Budapest moves to secure Serbian oil supply, threatened by Croatia’s suspension of crude flows following US sanctions on the Russian-controlled NIS refinery.
Moscow says it wants to increase oil and liquefied natural gas exports to Beijing, while consolidating bilateral cooperation amid US sanctions targeting Russian producers.
The European Investment Bank is mobilising €2bn in financing backed by the European Commission for energy projects in Africa, with a strategic objective rooted in the European Union’s energy diplomacy.
Russia faces a structural decline in energy revenues as strengthened sanctions against Rosneft and Lukoil disrupt trade flows and deepen the federal budget deficit.
Washington imposes new sanctions targeting vessels, shipowners and intermediaries in Asia, increasing the regulatory risk of Iranian oil trade and redefining maritime compliance in the region.
OFAC’s licence for Paks II circumvents sanctions on Rosatom in exchange for US technological involvement, reshaping the balance of interests between Moscow, Budapest and Washington.
Finland, Estonia, Hungary and Czechia are multiplying bilateral initiatives in Africa to capture strategic energy and mining projects under the European Global Gateway programme.
The Brazilian president calls for a voluntary and non-binding energy transition during COP30 in Belém, avoiding direct confrontation with oil-producing countries.
The region attracted only a small share of global capital allocated to renewables in 2024, despite high energy needs and ambitious development goals, according to a report published in November.
The United States approves South Korea’s development of civilian uranium enrichment capabilities and supports a nuclear-powered submarine project, expanding a strategic partnership already linked to a major trade agreement.
The EU member states agree to prioritise a loan mechanism backed by immobilised Russian assets to finance aid to Ukraine, reducing national budgetary impact while ensuring enhanced funding capacity.
The Canadian government commits $56 billion to a new wave of infrastructure projects aimed at expanding energy corridors, accelerating critical mineral extraction and reinforcing strategic capacity.
Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.
COP30 begins in Belém under uncertainty, as countries fail to agree on key discussion topics, highlighting deep divisions over climate finance and the global energy transition.
The United States secures a tungsten joint venture in Kazakhstan and mining protocols in Uzbekistan, with financing envisaged from the Export-Import Bank of the United States and shipment routed via the Trans-Caspian corridor.
The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.
Meeting in Canada, G7 energy ministers unveiled a series of projects aimed at securing supply chains for critical minerals, in response to China’s restrictions on rare earth exports.
Donald Trump announces an immediate reduction in tariffs on Chinese fentanyl-related imports from 20% to 10%, potentially impacting energy flows between Washington and Beijing.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.