Hello again from the team at MotorMouth.

It’s been a pretty quiet month here, and with the end of the year looming I wanted to circulate this little bit of news BEFORE people start rushing off to buy their shiny new car to put under the Christmas tree.

It has been recently reported in the New York Times that Saudi Arabia is trying to garner support from OPEC nations to push for oil producing countries to receive compensation in the event that the world (in trying to reduce its carbon emissions) reduces its consumption of oil.

Without this compensation, the Saudis claim, OPEC countries would struggle to significantly change their reliance on oil income and suffer unnecessarily.

I beg your pardon, you want what?

If you have not done so already, read this article. Whether there will be any chance of it being offered to OPEC member countries or not is irrelevant; the fact that it is being talked about is enough cause for concern.

If this does come to fruition, should coal producing countries such as Australia receive compensation for the reduction in coal income that we will suffer due to the very same efforts the world is making to reduce its carbon emissions?

And if so, who will ultimately pay this compensation?

It’s a tricky business and one that requires a delicate touch. Good luck to all of our delegates who are attending the United Nations Framework Convention on Climate Change in Copenhagen in early December. May sane heads and hearts prevail.

Take care and safe motoring.

Cheers
Sean Rennick
MotorMouth

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