Oil and gas companies have a large presence at international climate talks aimed at getting the world to sharply reduce emissions, which lead to climate change.
And Abu Dhabi National Oil Co. opened 68 new gas stations in Saudi Arabia and the United Arab Emirates, noting in its 2022 annual report that there were now more than 500 across the UAE.
Many will likely be at the upcoming conference, COP28, being hosted in the UAE, which appointed Sultan al-Jaber, chairman of the nation’s oil company, as president of the summit.
But an Associated Press review of how much these companies invest in green energies, along with the priorities laid out in their annual reports, cast doubts on genuine commitments to transition.
One question was how much of their spending was aimed at helping with the global goal to limit warming to 1.5 degrees Celsius since pre-industrial times, which scientists warn is necessary to stave off the worst impacts of climate change, like increasing extreme weather events.
But Uganda National was among companies whose plans for renewable energy were aimed primarily at using the clean power to decarbonize its fossil fuel projects, not replace them with cleaner pursuits.
In its 2022 annual report, Chevron noted that while the future was uncertain, many outlooks conclude that fossil fuels will remain a significant energy source while lower-carbon alternatives are incorporated.
The original article contains 1,367 words, the summary contains 201 words. Saved 85%. I’m a bot and I’m open source!
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And Abu Dhabi National Oil Co. opened 68 new gas stations in Saudi Arabia and the United Arab Emirates, noting in its 2022 annual report that there were now more than 500 across the UAE.
Many will likely be at the upcoming conference, COP28, being hosted in the UAE, which appointed Sultan al-Jaber, chairman of the nation’s oil company, as president of the summit.
But an Associated Press review of how much these companies invest in green energies, along with the priorities laid out in their annual reports, cast doubts on genuine commitments to transition.
One question was how much of their spending was aimed at helping with the global goal to limit warming to 1.5 degrees Celsius since pre-industrial times, which scientists warn is necessary to stave off the worst impacts of climate change, like increasing extreme weather events.
But Uganda National was among companies whose plans for renewable energy were aimed primarily at using the clean power to decarbonize its fossil fuel projects, not replace them with cleaner pursuits.
In its 2022 annual report, Chevron noted that while the future was uncertain, many outlooks conclude that fossil fuels will remain a significant energy source while lower-carbon alternatives are incorporated.
The original article contains 1,367 words, the summary contains 201 words. Saved 85%. I’m a bot and I’m open source!