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Tuesday, 10 November 2026

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High fossil fuel prices spread inflation ‘like a cancer’, UN climate chief tells Cop31

National Trade News capital-markets note (2026-11-09): A global fossil fuel price crisis is “spreading inflation like a cancer” around the planet, the UN’s climate chief, Simon Stiell, told the opening plenary of… Primary source: original at The Guardian (theguardian.com).

· The Guardian

High fossil fuel prices spread inflation ‘like a cancer’, UN climate chief tells Cop31

A global fossil fuel price crisis is “spreading inflation like a cancer” around the planet, the UN’s climate chief, Simon Stiell, told the opening plenary of critical UN climate talks in Turkey.

Stiell joined Cop31 hosts Turkey and Australia, which is leading the negotiations, in promoting renewable energy and a new electrification goal as an optimistic alternative to a planet still tied to oil, coal and gas.

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