Leaders from developing countries have accused wealthy nations and the energy industry of triggering climate change and demanded compensation for the damage it has inflicted on their economies.
While oil and gas companies are reaping the benefits, small island states are being devastated by ocean storms caused by rising sea levels, they say.
Speaking at the COP27 climate summit in Egypt on Tuesday, Antigua and Barbuda Prime Minister Gaston Browne noted that “oil and gas industry continues to earn almost $3 billion daily in profits,” while “the planet is burning.”