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UAE Used COP28 to Push $100 Billion in New Oil Deals, New Analysis Shows

8 0
05.06.2024

A new analysis released by human rights and anti-corruption group Global Witness on Wednesday left no room for doubt, said one campaigner, that the host country of last year’s United Nations climate summit, the United Arab Emirates, prioritized fossil fuel interests over the planet.

“Make no mistake, COP28 was hijacked by the interests of the fossil fuel industry,” said Patrick Galey, senior investigator for Global Witness, referring to the 28th Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC).

The analysis showed that the UAE’s Abu Dhabi National Oil Company (ADNOC) used the COP28 presidency of its CEO, Sultan Ahmed Al Jaber, to seek deals worth nearly $100 billion with oil, gas, and petrochemical companies in at least 12 countries.

BREAKING 🚨

Our latest investigation found ADNOC sought $100B worth of oil deals while their CEO was president of the COP28 climate summit.

This is five times more than they sought the previous year.https://t.co/BENUwVnMtw

Fossil fuel firms, said Galey, “weren’t content simply to block or stall genuine climate policy but used the opportunity to pursue more climate-wrecking oil and gas deals.”

Al Jaber previously denied that ADNOC used COP28 to further its business interests after a leak of briefing documents that instructed the company to discuss fossil fuel deals with at least 16 states that were present at the talks.

According to Global Witness, the company sought deals with at least 11 of those countries and at least one other that had not been included in the leaked documents.

The group’s........

© Truthout


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