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CHINA OUT./File Photo/File PhotoSummarySummary Companies Energy transition front and centre at Davos meetingEurope energy crisis forces moment of reckoningClimate activists sceptical of oil industry inclusionDAVOS, Switzerland, Jan 20 (Reuters) - A different type of energy transition has taken place at this year's World Economic Forum (WEF) meeting. Unlike 2021's COP26 climate conference in Glasgow, where oil and gas executives were personae non gratae, fossil fuel chiefs and renewable energy bosses sat cheek by jowl in Davos. Thunberg's was not the only voice at Davos with strong objections to the industry's new mantra that the energy crisis justifies new oil investments. Like Birol, British opposition leader Keir Starmer said the oil and gas sector has a role to play in the energy transition. Jaber, who is the founding CEO of Abu Dhabi’s renewable energy firm Masdar and has overseen the UAE's mandate to adopt renewables is not without green credentials.
Climate activist Greta Thunberg speaking on the main stage in George Square as part of the Fridays for Future Scotland march during the Cop26 summit in Glasgow. Swedish climate activist Greta Thunberg on Thursday became the latest vocal critic of the United Arab Emirates' decision to name the head of the Abu Dhabi National Oil Company (Adnoc) as president of this year's COP28 climate summit. The UAE, one of the world's top oil producers, will host the U.N.-led climate summit from Nov. 30 to Dec. 12, 2023. And the hard reality is that, in order to achieve this goal, global emissions must fall 43% by 2030." According to the panel, roughly 90% of global CO2 emissions come from fossil fuels and the heavy industry.
The OSOWOG initiative, first proposed by Indian Prime Minister Narendra Modi, aims to transfer renewable energy power through connecting grids. Singh said the UAE has also indicated it would like to invest more in India's renewable energy projects, including solar and wind. India and the UAE also signed a Memorandum of Understanding on Jan. 13 on green hydrogen development, produced using renewable energy, India's embassy in the UAE said on Twitter on Friday. "He (Jaber) is the point man for renewables, for climate change," the Indian minister said. Jaber is also the UAE's minister of industry and advanced technology and helped to establish Abu Dhabi's renewable energy firm Masdar in 2006.
Nowhere is this shift among climate activists more evident than in Germany, where Vice Chancellor Robert Habeck, the Green Party leader, is serving as the pragmatist-in-chief. Some climate activists were aghast this Thursday when the UAE named Sultan Al Jaber, the CEO of the Abu Dhabi National Oil Company (ADNOC), as president of this year's COP 28. Al Jaber, speaking to the Atlantic Council Global Energy Forum on Saturday, captured his ambition to drive faster and more transformative results at COP 28. "We are way off track," said Al Jaber. "We will work with the energy industry on accelerating the decarbonization, reducing methane, and expanding hydrogen," said Al Jaber.
ABU DHABI, Jan 14 (Reuters) - The United Arab Emirates wants the COP28 climate conference it is hosting this year to be practical and show solidarity between the global north and south that "leaves no one behind", the country's oil chief and designated COP28 president said. In a speech on Saturday to the Global Energy Forum, Sultan al-Jaber, head of state oil giant ADNOC and UAE climate envoy, called for scaling up renewables, nuclear energy, hydrogen, carbon capture, energy efficiency and new technologies, among others. The UAE, a major OPEC oil exporter, will be the second Arab state to host the climate conference after Egypt in 2022. "We need to ensure a just transition that leaves no one behind," he said, adding that low carbon growth was the future. Reporting by Rachna Uppal, Yousef Saba and Ghaida Ghantous Editing by Clarence Fernandez and Frances KerryOur Standards: The Thomson Reuters Trust Principles.
U.A.E. Names Oil Chief to Run COP28 Climate Summit
  + stars: | 2023-01-12 | by ( Summer Said | ) www.wsj.com   time to read: 1 min
DUBAI—The United Arab Emirates named the chief executive of its national oil company as the president of this year’s United Nations climate summit, drawing criticism from environmental activists. The Gulf state said Thursday that Sultan al-Jaber, chief executive of Abu Dhabi National Oil Co., or Adnoc, would be tasked with framing the agenda of the COP28 summit in Dubai, which opens at the end of November. Mr. Jaber, a top Emirati technocrat, is also the country’s minister for industry and technology and special envoy on climate change, playing a leading role in the country’s move to finance and produce more renewable and nuclear energy.
In a statement confirming his appointment as COP28 president-designate, Al Jaber said, "The UAE is approaching COP28 with a strong sense of responsibility and the highest possible level of ambition." The United Arab Emirates announced Thursday that the head of the state oil giant Abu Dhabi National Oil Company (ADNOC), one of the world's largest oil companies, will lead the COP28 climate talks in Dubai later this year. The appointment of Sultan al-Jaber as COP28 president-designate provoked a furious backlash from climate activists and civil society groups. The UAE, the third largest producer of the OPEC oil alliance, will host the U.N.-brokered climate talks from Nov. 30 through to Dec. 12. In a statement confirming his appointment al-Jaber said, "The UAE is approaching COP28 with a strong sense of responsibility and the highest possible level of ambition."
A teacher in Florida was fired after allegedly disrupting Muslim students as they prayed and accusing them of doing "magic," according to a TikTok video that has gone viral. The video -- which was posted on Thursday and liked over 880,000 times -- shows three Franklin Academy Muslim students performing a prayer as one of them recites "Surah At-Tin" from the Quran. "One-fifth of Muslim families report that the bullying occurred nearly every day," the non-profit said in the report. The bullying was online too, with 31% of the families reporting their child was bullied by other students online and 19% claiming a teacher or school official was the source of the cyber bullying. "In sum, many Muslim children and parents have to worry about religious-based bullying at school and online from other students and even trusted adults in the school," the ISPU said.
UAE's ADNOC, Taqa and Mubadala complete Masdar stake deal
  + stars: | 2022-12-08 | by ( ) www.reuters.com   time to read: +2 min
DUBAI, Dec 8 (Reuters) - Abu Dhabi's National Oil Company [RIC:RIC:ADNOC.UL], Taqa (TAQA.AD) and Abu Dhabi sovereign wealth fund Mubadala Investment Company said on Thursday they would all become shareholders in Masdar, the Emirate's flagship clean energy company. Taqa will hold a 43% share in the company, Mubadala will retain its 33% and ADNOC will hold 24%, the three companies said in a statement. The partnership will see Taqa, which paid $1.02 bln in cash for its stake, take a lead role in Masdar's renewable business while ADNOC will be at the forefront of the firm's green hydrogen plans. The Abu Dhabi Future Energy Company Masdar was established by Mubadala in 2006 to extend the UAE's role in the global energy sector and drive the country's climate action agenda. Under the new partnership, Masdar has a target to grow to at least 100 GW of renewable energy capacity, mostly wind and solar, by 2030.
The Kuwait government hanged seven prisoners in the first mass execution in five years. Those killed included three Kuwaiti men, a Kuwaiti woman, a Syrian man, a Pakistani man, and an Ethiopian woman. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyThe Kuwait government put to death seven prisoners in the first mass execution in five years. The state-run news agency KUNA news has said that those killed include three Kuwaiti men, a Kuwaiti woman, a Syrian man, a Pakistani man, and an Ethiopian woman. The last mass execution happened in 2017 when seven prisoners — including a member of the Kuwaiti royal family — were hanged in the oil-rich state, AP reported at the time.
Abu Dhabi CNN —As Western states try to wean themselves off their addiction to hydrocarbons, Gulf oil nations have been pushing back hard, warning that a hasty transition away from fossil fuels will be counterproductive. According to the World Bank, Qatar had the highest carbon emissions per capita as of 2019, followed by Kuwait, Bahrain, the United Arab Emirates and Saudi Arabia. So, investment in clean energy projects and renewables “makes very good business sense and PR sense for the Gulf,” he said. Gulf petro-states are warning against a quick transition away from hydrocarbons, with the UAE calling for a “mixed energy” approach that minimizes emissions without cutting hydrocarbons. Much of the hydrocarbons exported by Gulf states go to some of the world’s biggest consumers and polluters, including China and India.
DOHA, Nov 9 (Reuters) - Fans have booked accommodation in more than 90,000 rooms, tents, apartments, villas and portacabins on each of the peak days of the World Cup in Qatar, organisers said Wednesday, adding that at least 25,000 rooms are still available. After the tournament, Qatar will donate the portacabins to "poor countries" to be used as houses, Al-Jaber said. Qatar is expecting 1.2 million visitors during the month-long tournament, with the peak number expected between Nov. 24 and 28, during the busy group stage. On average, fans will spend seven nights in Qatar, Al-Jaber said. Some fans will stay in 1,000 modern tents on a man-made island north of Doha, Al-Jaber said.
ABU DHABI, Nov 1 (Reuters) - The United States and United Arab Emirates have reached an agreement to spend $100 billion on clean energy projects with a goal of adding 100 gigawatts globally by 2035, U.S. Secretary of State Antony Blinken said on Tuesday. The two governments signed a memorandum of understanding in Abu Dhabi setting out the framework of the deal, Blinken said in a statement. "This memorandum of understanding is an important step forward in our joint efforts to accelerate our collective movement toward clean energy," Blinken said. Under the initiative, the UAE, an OPEC oil producer, and the United States would provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries. The statement said the partnership would "assemble and stimulate" private and public sector funding and support for clean energy innovation, carbon and methane management, advanced reactors including small modular reactors, and industrial and transport decarbonisation.
UAE and U.S. to spur $100 bln in clean energy projects - WAM
  + stars: | 2022-11-01 | by ( ) www.reuters.com   time to read: +1 min
ABU DHABI, Nov 1 (Reuters) - The United Arab Emirates and the United States have signed a partnership to spur $100 billion of investments in clean energy projects and add 100 gigawatts of clean energy globally by 2035, state news agency WAM reported on Tuesday. "Together, we will spur large-scale investment in new energy technologies, in our own countries, around the world and in emerging economies," U.S. energy envoy Amos Hochstein said a statement carried on WAM. The statement said the partnership would "assemble and stimulate" private and public sector funding and support for clean energy innovation, carbon and methane management, advanced reactors including small modular reactors, and industrial and transport decarbonisation. Under the initiative, the UAE, an OPEC oil producer, and the United States would provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries. Reporting by Ahmed Tolba; Writing by Lina Najem and Ghaida Ghantous; Editing by Louise Heavens and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
"We are only a phone call away if the requirements are there," he said. OPEC+ faced one of its biggest clashes with the West after it agreed oil production cuts in October, a decision the U.S. administration called shortsighted. OPEC+ producers rallied around top oil exporter Saudi Arabia after the United States accused it of pushing members into the cut. Saudi Arabia and the UAE, two of the world's biggest oil producers, are boosting output and refining, and working on clean hydrogen, Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday. The UAE is releasing its first revision of its energy plan in 2023, which will increase its green targets, Mazrouei said.
ABU DHABI, Oct 31 (Reuters) - Saudi Arabia and the United Arab Emirates, two of the world's biggest oil producers, are boosting output and refining and working on clean hydrogen, Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday. "We and the UAE are going to be the exemplary producers," he told a major industry event in Abu Dhabi. If we zero out hydrocarbon investment ... due to natural decline ... we would lose 5 million barrels per day of oil each year from current supplies. This would make the shocks we have experienced this year feel like a minor tremor," Jaber said. Reporting by Maha El Dahan; Writing by Michael Georgy; Editing by Kim Coghill and Tom HogueOur Standards: The Thomson Reuters Trust Principles.
During previous oil booms, Gulf states were seen as squandering their wealth on wasteful and inefficient investments, building sprees and buying weapons, as well as handouts to citizens . Gulf states appear to be working on diversifying. Since the last oil boom that ended in 2014, four of the six Gulf states have introduced value-added tax and the UAE has gone further by starting a corporate income levy . None of the Gulf states have an income tax. Critics counter that it is in the oil exporters' interest to push that narrative, but oil states have pointed to the rise in crude demand that coincided with the removal of Covid-19 restrictions around the world.
But whatever your feelings toward Elizabeth, it’s clear that the institution of the British monarchy is far from benevolent. Meanwhile, the exact worth of the British monarchy is very difficult to calculate. The Sunday Times' Rich List calculated the queen’s personal net worth as 370 million pounds (more than $420 million), while the author and royal expert David McClure estimated it at 400 million pounds (around $460 million). In 2021-2022, the royal household’s financial report calculated this as 86.3 million pounds ($98.5 million). (According to the BBC, this portfolio generates around 20 million pounds a year in profits.)
Toţi miniştrii din Kuweit şi-au prezentat marţi demisia premierului, la doar o lună după formarea Guvernului, din cauza unor dispute cu Parlamentul, a informat agenţia oficială de presă Kuwait News Agency, relatează AFP, citat de agerpres.ro. Vicepremierul şeicul Hamad Jaber Al-Ali Al-Sabah i-a prezentat demisia membrilor cabinetului prim-ministrului şeicul Sabah Al-Khaled Al-Sabah "în lumina evoluţiilor actuale privind relaţia dintre Adunarea Naţională şi guvern". Această demisie survine după anunţul făcut de 38 de parlamentari că susţin o cerere de anchetare a premierului, pe care îl acuză în special că a încălcat Constituţia prin formarea guvernului. Opoziţia a înregistrat un progres în alegerile legislative din decembrie, câştigând aproape jumătate din cele 50 de locuri. Ţară bogată în petrol, în Kuweit au avut loc de mai bine de zece ani disensiuni între anumiţi parlamentari şi guvern, ceea ce a dus la numeroase dizolvări ale Parlamentului şi ale guvernului.
Persons: Toţi, Hamad, Ali Al -, Ahmad Al -, Opoziţia Organizations: Parlamentul, Kuwait News, Adunarea Naţională, Kuweitul Locations: Kuweit, Kuwait, Ali Al - Sabah, -, - Sabah, Ahmad Al - Sabah, Golf
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