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Politics

UAE plans to use COP28 to promote oil and gas deals, leaked notes show – POLITICO

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The world’s highest climate summit has found itself embroiled in a hypocrisy scandal, days before the start of key negotiations.

The United Arab Emirates (UAE) plotted to use its position as host of the looming UN COP28 climate talks to discuss oil and gas deals with more than a dozen countries, according to leaked documents.

Briefing notes prepared by the UAE COP28 team for meetings with foreign governments during the summit, which begins Thursday in Dubai, include talking points from the country’s oil and renewable energy companies. Emirati state, according to documents published Monday by the Center for Climate Reporting.

Germany, for example, must know that the Abu Dhabi National Oil Company (ADNOC) – whose CEO, Sultan Ahmed al-Jaber, is the president of COP28 – “is ready to expand its LNG supplies to the ‘Germany “.

The China briefing notes state that ADNOC is “willing to jointly evaluate international LNG opportunities (Mozambique, Canada and Australia)”.

They also propose telling oil giants Saudi Arabia and Venezuela that “there is no conflict between the sustainable development of a country’s natural resources and its commitment to climate change.”

The documents also include estimates of ADNOC’s business interests in the targeted countries, as well as an overview of energy infrastructure projects carried out by Masdar, the UAE’s national renewable energy company.

ADNOC’s trade ties with China, for example, are valued at $15 billion over the past year, while those with the UK are worth $4 billion and those of the Netherlands are worth $2 billion. of dollars.

Each year, the COP host country appoints a president to lead negotiations between the countries. The president is meeting with foreign dignitaries and is expected to “increase his ambition in the fight against climate change internationally”, according to the UN.

Home to some of the world’s largest oil reserves, the UAE has drawn criticism for appointing al-Jaber as COP president despite his role as head of the country’s national oil company. Al-Jaber is also the head of the national renewable energy company.

In a statement to the BBC, the UAE COP team said Al-Jaber was “singularly focused on COP business and delivering ambitious and transformational climate outcomes at COP28” .


Politico

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