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Dubai’s Firm Inks $1.5B Carbon Credit Deal with Zimbabwe
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Dubai’s Firm Inks $1.5B Carbon Credit Deal with Zimbabwe

A Dubai-based company, Blue Carbon, inked a deal with Zimbabwe to create carbon credits from offsetting projects in the African country involving almost a fifth of its total landmass.  The two parties signed a memorandum of understanding (MoU) worth $1.5 billion to fund forest protection and rehabilitation projects. The carbon sequestered of the forests will...

Adnoc Seeks European Markets for Its Fossil Fuels
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Adnoc Seeks European Markets for Its Fossil Fuels

The UAE’s biggest oil producer is pushing to build its fledgling trading operations into a multibillion-dollar business this decade by bolstering its presence in Europe and Africa, and expanding in other forms of energy. In a bid to catch up with long-established rivals, Abu Dhabi National Oil Co. wants to take advantage of the hole...

UAE Oil Giant Plans European Trading Boost in Expansion Push
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UAE Oil Giant Plans European Trading Boost in Expansion Push

UAE Oil Giant Plans European Trading Boost in Expansion Push. The UAE’s biggest oil producer is pushing to build its fledgling trading operations into a multibillion-dollar business this decade by bolstering its presence in Europe and Africa and expanding into other forms of energy. In a bid to catch up with long-established rivals, Abu Dhabi National...

In New Scramble for Africa, an Arab Sheikh Is Taking the Lead
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In New Scramble for Africa, an Arab Sheikh Is Taking the Lead

A company established by a Dubai sheikh is finalizing agreements with African nations to manage vast tracts of their forests and sell the carbon credits. Critics are concerned the deals will not benefit Africans and will just help foreign governments perpetuate high emissions. A prominent sheikh in the oil-rich Gulf state hosting this year’s UN...

Part two: COP28 host’s favoured carbon credit climate solution a stitch-up for more fossil fuels
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Part two: COP28 host’s favoured carbon credit climate solution a stitch-up for more fossil fuels

In part one of this two-part article series, the Canary reported that UAE-based carbon credit company Blue Carbon LLC – under the patronage of sheikh Ahmed Dalmook Al Maktoum – has been amassing land agreements with governments across Africa and the Pacific. The organisation’s latest land-grab amounts to some 7.5m hectares of exclusive land development rights in Zimbabwe. Now,...

Part one: UAE carbon credit company shows COP28 host dripping in green-grabbing hypocrisy
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Part one: UAE carbon credit company shows COP28 host dripping in green-grabbing hypocrisy

The COP28 climate summit’s host has launched a neocolonial green-grabbing crusade across the Global South. Naturally, it’s yet another nifty ‘net-zero’ carbon con. In part one of this two-part article, we’ll look at how UAE-based carbon credit company Blue Carbon LLC has been amassing land agreements with governments across Africa and the Pacific. Blue Carbon...

Wagner: Sword of Damocles amid Russia’s potential troubles
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Wagner: Sword of Damocles amid Russia’s potential troubles

The use of mercenaries dates back to 400 B.C., and they were used by ancient Greeks, Alexander the Great and Rome’s army. Since then, there have been several debates around their use for centuries, and some intellectuals argued that they are beneficial while others opposed the idea of using mercenaries. In his famous book “Utopia,”...

The UAE and Wagner Paymasters Past, Present, and Future
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The UAE and Wagner Paymasters Past, Present, and Future

Belgium (Brussels Morning Newspaper) Until Yevgeny Prigozhin blinked and ordered his Wagner Group forces to turn back within 200 miles from Moscow, it looked as though Putin’s Russia had created a monster it could not control. But whatever fate awaits its hardman founder, the organisation Prigozhin built is too useful to be dispensed with entirely. Wagner’s...