Both oil and political developments in the Kurdistan Regional Government (KRG) are at a crossroads.

Speaking in Beijing on 18 November, where he met Chinese leaders to discuss a number of topics, President Barack Obama said the upcoming Copenhagen conference on climate change should produce “not a partial accord or a political declaration but rather an accord that covers all of the issues in the negotiations and one that has immediate operational effect.

With the historic climate summit in Copenhagen just two weeks away, the Gulf is at a crossroads on the climate change issue.