In the age of ‘green growth’ and ‘save the planet’, what’s an Arab oil sheik’s best friend for petroleum product deals?
Try a virtue-signaling global greenie gathering.
According to Politico [emphasis, links added]:
The United Arab Emirates (UAE) schemed to use its position as host country of the imminent COP28 United Nations climate talks to discuss oil and gas deals with more than a dozen countries, leaked documents show.
Briefing notes prepared by the UAE’s COP28 team for meetings with foreign governments during the summit, which starts Thursday in Dubai, include talking points from the Emirati state oil and renewable energy companies, according to documents published Monday by the Centre for Climate Reporting.
So while their virtue-signaling attendees were pontificating about net zero lower-carbon emissions and ending the use of fossil fuels, some of them were cutting deals on the side with Arab oil producers to scarf up new oil supplies.
The greenie summit was an ideal place to expand one’s access to more oil and gas production supplies even as the statements went out about cutting carbon emissions.
More fuel, more emissions, but don’t tell the boys (or whatever) at the global warming summit.
And in a way, it makes sense. Green energy is so wasteful it typically requires extra backup to ensure a reliable power supply; that’s where the oil sheiks can be helpful.
Natural gas is useful, too, as it’s critically needed to fuel all the electric-car charging stations of the new green economies emerging.
The fact is, the greenie world is full of such hypocrisies, and this deal-cutting isn’t the only stuff going on.
There are the Solyndras, with their vast waste of taxpayer dollars, there is the fake science on global warming that is constantly getting exposed as fraudulent and there are the plumes and clouds of carbon emissions that come from jetting into these summits on private jets by these elites.
What a scam the greenie agenda is. This deal-cutting by Big Oil is just the latest of it.
Top photo: Sultan Al Jaber, president of this year’s COP28 and CEO of UAE’s national oil company via YouTube screencap
Read more at American Thinker
I recommend that climate realists follow all of the COP meetings. I have done so for 20 years. COP 28 starts this Thursday. Don’t expect any results the following Friday. Typically the meeting goes for a week before any indication of results leak out. Often we don’t know what went on until the meeting is over or near over.
A major goal of COP 28 is to drastically reduce green house emissions before 2030. This has two parts. Most nations have not met their reduction commitments under the Paris Treaty. One goal of this summit is to get those reductions on track. The other goal is to further increase the reductions beyond the current commitments. Along with reducing emissions, increasing renewable energy is a major goal.
The financing that the developing nations are demanding will be the most contentious issue. They want developed nations to pay their cost of transitioning to renewable energy and to pay for 100% of the damage of all weather events. Financing has almost caused the conference to collapse in the past.
A big issue will be whether the conference should call on “phasing down” or “phasing out” the use of fossil fuels. The G20 nations are not in agreement on this issue.
We need to remember that the results of agreements at the COP meeting often do not materialize. In the 2022 COP 27 meeting nations agreed to phase down the use of coal. In 2023 the use of coal set new records.
Too funny! I thought it was rather odd to have the big powwow in UAE that is wealthy for one reason only–they sit on a pile of oil and gas. And who could believe that they, Saudi Arabia, Iran, Russia or any other major oil-producing nation is going to shut down their source of revenue? But alas the “elites” in Europe and North America seem oblivious to the obvious.
“…oblivious…”, I doubt it.
The various countries around the world know that oil and gas will be needed for years to come. Now here is a supplier who’s saying, “We’ll give you the best deal you can get.” With a wink and a nudge over the double meaning of the word “you”.
Do a search for “English language newspapers” in several other countries. Pick three or four and read them daily for a couple of months. Are their politians any better than the UK or US ones? Just a thought….. (Rhymes with ‘bought’)