The International Energy Agency (IEA) recently warned that exploration and development of new oil and gas fields must stop this year if the world is to reach net-zero emissions by 2050.
This increases pressure on countries newly emerging in the fossil fuel industry, including Guyana and Suriname, to limit operations so that the world can achieve its climate goals.
However, developing countries see this as an attempt to monopolize the industry in a world that still relies heavily on fossil fuels.
