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Accident – Death – Obituary News : : 1. ADNOC COP28 presidency deals
2. ADNOC UAE billion-dollar agreements
A new investigation by Global Witness reveals how Abu Dhabi National Oil Company (ADNOC) allegedly used CEO Sultan Ahmed Al-Jaber’s COP28 presidency to pursue oil and gas deals. The report suggests that top ADNOC executives strategically positioned themselves on the COP28 organising committee, potentially exerting undue influence. ADNOC employees were also reported to have accessed UN staff emails, raising privacy concerns. ADNOC reportedly enlisted a US PR company to manage negative publicity. ADNOC sought oil, gas, and petrochemical deals close to $100bn, a significant increase from previous years. US House Representative Rashida Tlaib expressed concern over potential fossil fuel corruption at COP29. Leaked documents indicated ADNOC’s lobbying efforts for oil and gas deals during COP28. ADNOC collaborated with companies from 12 countries and finalized contracts worth approximately $17bn for gas field development. Global Witness and A Kick Big Polluters Out Coalition highlighted the presence of fossil fuel lobbyists at COP28. ADNOC refuted the allegations, calling them inaccurate. The investigation calls for stronger conflict of interest rules to prevent special interests from controlling the COP agenda.
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1. ADNOC COP28 investment deals
2. UAE presidency billion-dollar partnerships
Investigation Reveals Allegations Against ADNOC CEO
A recent investigation by Global Witness has brought to light some concerning allegations against Abu Dhabi National Oil Company (ADNOC) and its CEO, Sultan Ahmed Al-Jaber. The report, published on 5 June, suggests that ADNOC may have used Al-Jaber’s position as the COP28 president to pursue oil and gas deals.
Allegations of Undue Influence and Privacy Breaches
The investigation alleges that ADNOC strategically positioned top company executives on the COP28 organising committee, potentially exerting undue influence. Additionally, it claims that ADNOC employees were reading emails intended for UN staff, raising concerns about privacy breaches.
Response from ADNOC and Al-Jaber
In response to the investigation, ADNOC reportedly enlisted the services of a US PR company to manage the negative publicity. During COP28, Al-Jaber denied all allegations, stating that every meeting focused on the COP28 agenda to keep the goal of limiting global warming to 1.5°C within reach.
Oil, Gas, and Petrochemical Deals Worth $100 Billion
The investigation revealed that ADNOC pursued deals in the oil, gas, and petrochemical sectors amounting to nearly $100 billion. This marked a significant increase from previous years and included collaborations with companies from at least 12 countries.
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International Collaborations and Partnerships
ADNOC announced collaborations with companies like BP to acquire a stake in Israel’s NewMed Energy for gas development expansion. They also made bids for a stake in Braskem, a top petrochemical producer in Latin America. Additionally, ADNOC finalized contracts valued at approximately $17 billion for the development of the UAE’s Hail and Ghasha gas fields.
Reactions from US Representatives
US House Representative Rashida Tlaib expressed concerns about potential fossil fuel corruption at COP29, which will also be hosted by a fossil fuel executive. Another representative, Lloyd Doggett, called for strong conflict of interest rules to prevent special interests from controlling the agenda at global climate summits.
Leaked Documents and Fossil Fuel Lobbying
Leaked documents just before Al-Jaber’s appointment as COP28 president suggested that his team had lobbied on oil and gas deals. Global Witness contacted officials involved in negotiations, and one official claimed that ADNOC openly discussed deals leading up to and during COP28 events.
Global Witness Report and COP28 Findings
Global Witness documented a significant presence of fossil fuel lobbyists at COP28, raising concerns about the influence of such interests on climate negotiations. ADNOC has refuted the allegations, calling them inaccurate and false.
Future of Climate Summits
With COP29 set to be hosted by Azerbaijan, concerns about conflicts of interest and fossil fuel influence continue to persist. Global Witness emphasized the need to address these issues to effectively tackle the climate crisis.
As the world grapples with the urgency of climate action, the role of fossil fuel companies in international climate summits remains a topic of significant concern.
