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“I hope the younger generations can forgive us”: State oil company pushed $100 billion of deals in UAE’s year as COP28 host (www.globalwitness.org)
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[-] GoofSchmoofer@lemmy.world 26 points 5 months ago

Furthermore, working under the diplomatic cover provided by ambiguous language in the COP28 decision text, ADNOC plans to produce vast amounts of oil and gas for decades to come. In the year that the UAE hosted COP28, ADNOC sought oil, gas and petrochemical deals potentially worth close to $100 billion, a five-fold increase on what it pursued in 2022 and significantly more in dollar terms than in the previous four years combined. Our analysis shows that ADNOC sought or closed deals in 2023 with firms owned by or domiciled within 12 countries, including 11 of the 16 nations targeted in the leaked COP28 country briefing documents. In all, ADNOC and its subsidiaries either clinched or targeted at least 20 deals with international firms in 2023.

why the fuck would younger generations forgive you, if you treat these conferences as opportunities to secure more business for your oil empire?

this post was submitted on 05 Jun 2024
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