Displaying items by tag: Adnoc

Sultan Al Jaber, the CEO of the UAE’s national oil company, Adnoc, has been controversially appointed president of the UN’s COP28 summit in December; campaigners say this makes a mockery of the summit. Adnoc, the world’s 11th biggest oil and gas producer, delivered over a billion barrels of oil equivalent (BBOE) in 2021. Time is running out to end the climate crisis, yet Sultan Al Jaber is overseeing expansion to produce extra oil and gas, equivalent to 7.5bn barrels of oil, the fifth largest increase in the world. 90% would have to remain in the ground to meet the net zero scenario of the International Energy Agency. The UAE has the third largest plans for oil and gas expansion in the world, surpassed only by Saudi Arabia and Qatar.