It’s an awkward moment for the oil industry to have at last won its long-sought “seat at the table” in international climate talks. The contradictions and conflicts in play at this opaque moment in the energy transition are mind-boggling. Global temperatures are flaring. War-related market disruptions are fading. The economic outlook is extremely fuzzy. Neither...
Al Gore vs. Oil-Rich Dubai, Host of COP28. Al Gore, former US Vice President, recently held a TED talk in anticipation of COP28. It is the upcoming Conference of the Parties, aka UNFCCC or 2023 United Nations Climate Conference, November 30th–December 12th, 2023, to be held at Expo City, Dubai. It increasingly looks like a...
Why on earth is a giant petrostate hosting Cop28? Putting the United Arab Emirates in charge of this year’s international climate conference is like getting a tobacco company to lead an anti-smoking convention, fumes Anthony Harwood. Two glaring contradictions leap out when you consider why on earth the United Arab Emirates is hosting this year’s international climate...
COP28: ‘Having a climate summit in an oil-and-gas country can jeopardise the outcomes’. CIVICUS discusses the hopes and roles of civil society at the forthcoming COP28 climate summit with Harlee Richards, strategist at Follow This. Follow This is a Dutch organization representing over 10,000 green shareholders in oil and gas companies. It supports investor stewardship...
Climate summit host country misses own clean power target – but ‘continues to embrace’ transition. Like any country hosting a COP climate summit, the United Arab Emirates is facing intense scrutiny of its own track record. The oil-rich country hosting the next UN climate summit missed its own green energy target, Sky News can reveal....
The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets. Abu Dhabi National Oil Co. agreed to buy a 30% equity stake in the Absheron gas field in the Caspian Sea, the government-owned firm...
New carbon-cutting plans by this year’s UN climate talks host the United Arab Emirates were branded “insufficient” by an analysis on Thursday that slammed the oil-rich nation for undermining its own targets with plans to increase fossil fuel production. The UAE, which will host the COP28 United Nations talks in November and December, released its...
UAE-based Adnoc Drilling has won five 10-year contracts worth $2bn from state-owned Abu Dhabi National Oil Company (ADNOC). The largest national drilling company in the Middle East by rig fleet size will support ADNOC Offshore’s growing drilling operations with five high-specification, premium jackups along with all required manpower and equipment. The rigs will start activity...
LONDON, 15th July 2023 – COP28 President Sultan Al Jaber’s company plans to produce oil and gas that when burned for energy will emit more than 11 billion tonnes of CO2 – not far short of China’s annual emissions – a Global Witness analysis of industry production data shows. The Abu Dhabi National Oil Company (ADNOC),...
The European Union and 17 countries are set to issue a statement on Friday warning against an increased reliance on carbon capture technology in the fight against climate change, according to reporting from Reuters. “Abatement technologies must not be used to green-light continued fossil fuel expansion,” the statement reads, according to the reporting. Carbon capture and...