UN chief slams oil firms' record profits at Turkey climate summit

UN Secretary-General António Guterres criticized oil companies' record profits at the climate summit in Turkey, citing soaring fuel costs since the Iran war. He noted nine firms are on track to earn over 95 billion euros in three months. Guterres said the EU has incurred over 100 billion euros in extra fossil fuel import costs since the conflict began, with gasoline prices up 26 percent and diesel 38 percent across 130 countries. Shell and BP recently reported massive quarterly profits. Scientists project a 1.9 percent drop in fossil fuel CO2 emissions this year, though coal saw a record year. Key leaders including China's Xi and India's Modi skipped the summit, raising doubts about progress on phasing out fossil fuels.