Unlike 2021's COP26 climate conference in Glasgow, where oil and gas executives were personae non gratae, fossil fuel chiefs and renewable energy bosses sat cheek by jowl in Davos. As soaring prices drove up inflation, forced industries to shut production and hiked energy bills, European leaders reversed plans to cut down on investments in new fossil fuels. Some protesting in Davos expressed disappointment over the United Arab Emirates appointing the head of its oil company ADNOC and its climate envoy, as president of the COP28 summit that the Gulf OPEC producer is hosting this year.