The United Arab Emirates pursued nearly $100 billion worth of oil and gas deals the same year it led the global climate summit, analysis finds

Thu, 06/06/2024 - 07:01

A yellow offshore gas platform burns methane, a potent greenhouse gas causing the climate crisis. — An offshore gas platform burns methane, a potent greenhouse gas that is causing the climate crisis.
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UAE's state-owned oil company brokered deals to boost fossil fuels at home and overseas in 2023.
The deals included supplying gas to China and expanding into Egypt and Azerbaijan.
UAE led the 2023 global climate summit that called for a transition away from fossil fuels.

Last year, while the United Arab Emirates oversaw a historic agreement to fight the climate crisis, it was brokering deals for oil and gas that could bring the country tens of billions of dollars and boost fossil-fuel production globally.