Despite the UN climate summit, fossil fuel firms are still in for the long term | Fiona Harvey

Either the world is gearing up to tackle climate change, or there are long-term profits for companies exploiting oil, gas and coal reserves. Both propositions cant be true

More than 300,000 people marched in New York a week ago, with tens of thousands more in cities across the globe. More than 120 heads of state and government convened in New York, renewing their commitment to a global climate deal to be forged next year. France pledged $1bn in climate aid to poor countries, followed by several others. And a group of banks, pension funds and insurers promised investments of $200bn in low-carbon ventures in the next year.

But behind the impressive headline figures, the true story of Climate Week shows a more complex picture.

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