‘Every Molecule of Hydrocarbon Will Come Out’
Last December’s UN climate talks (COP 28), held in the UAE, had an unlikely president: Sultan Al Jaber, who for eight years has headed the country’s state-owned oil company. Under his leadership, the Abu Dhabi National Oil Company (ADNOC) has emerged as the world’s eleventh largest oil firm, producing over a billion barrels in 2021. ADNOC plans to invest at least $150 billion in the coming four years on fossil fuel expansion, which Jaber has pledged to keep going over at least two decades. By 2050 it is projected to be the world’s second-largest producer, after Saudi Arabia’s NOC Aramco, with an output nearly 50 percent above that of Shell, BP, and TotalEnergies combined.… Seguir leyendo »