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This is exactly why they hosted it in an OPEC nation; to continue hamstringing the transition from fossils & delaying the impact to their profit margins — the same thing they've been doing for the last 50 years.
There was an article on Washington Post last week explaining COP28 and details around it. Also the reason for the location:
Source (Published November 27, 2023): https://www.washingtonpost.com/climate-environment/2023/11/27/cop28-climate-summit-dubai/
It’s because UAE volunteered to pay for it all. These things are expensive and no one over age 8 believes a UN event will result in any action, much less international cooperation on climate. Since it’s all just a PR stunt, UAE might as well spend a rounding error of its oil proceeds on having some control over the narrative.