Good morning. The cost of fossil fuels is threatening to strangle the global economy once again. Last week, oil prices surged after the US president, Donald Trump, warned that a blockade of Iranian ports could last months – causing the price of oil to jump to its highest level since Russia’s invasion of Ukraine. With it, the spectre of global recession looms large.
But on the Atlantic coast in Colombia last week, a coalition of the willing was working to break the cycle. Almost 60 governments met in Santa Marta for the world’s first conference on transitioning away from fossil fuels. At the conference, each country agreed to develop roadmaps on how to move away from fossil fuel dependency.
