Cop28 host UAE planned to promote oil deals during climate talks [link to the Guardian]
The host of the UN Cop28 summit, the United Arab Emirates, planned to use climate meetings with other countries to promote deals for its national oil and gas companies, according to leaked documents.
Cop28 begins on Thursday and will be run by Sultan Al Jaber, who is the chief executive of the national oil company Adnoc as well as the UAE’s climate envoy. This dual role has been criticised as a conflict of interest, and climate summit veterans said the new revelations undermined trust in Al Jaber’s presidency of Cop28, potentially threatening a successful outcome
The whole article is worth a read.
The data shows that almost all companies are ignoring warnings from climate scientists that new oil and gas fields cannot be developed if global temperature rise is to be kept to the internationally agreed 1.5C limit. It also shows that:
-
$170bn has been spent by the industry on exploration for new oil and gas reserves since 2021.
-
96% of the 700 companies that explore or develop new oil and gas fields are continuing to do so.
-
More than 1,000 companies are planning new gas pipelines, gas-fired power plants or liquified natural gas (LNG) export terminals.
The whole article is worth a read.
Well you know it gets all the world’s leaders in one place dontchaknow what’s the harm in doing a little filthy business? It reduces CO2 emissions by not having to have them travel twice. Silly you for not thinking that.
Ka-ching!!
Must keep those $$$$ rolling in.
It just shows what we are up against.