The world’s biggest petroleum exporter, a country built with oil money, and a founding member of the most powerful oil cartel on Earth, is now styling itself as a pioneer of climate change solutions.
At the United Nations climate conference in Sharm el-Sheikh, Egypt last week, Saudi Arabia held a separate meeting for Middle East and North African countries to go over the details of two separate initiatives aimed at cutting emissions and fighting desertification. The plans include planting 50 billion trees around the region, expanding wind and solar power, and enhancing carbon capture and storage technologies.
What’s not included is any mention of cutting oil production. In fact, the state-run oil company Saudi Aramco, the world’s largest corporate greenhouse gas emitter as well as the world’s most valuable company, said that it’s aiming to raise its production capacity by 2025, even as it plans to cut greenhouse gas emissions to as close to zero as possible by 2050.
Saudi Arabia, in other words, wants to remai... Read more