UAE reportedly planned to use COP28 climate summit to lobby for oil and gas deals

Published

1 year ago

November 27, 2023

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The president of the upcoming COP28 climate change Sultan Ahmed al-Jaber speaks during the Abu Dhabi International Petroleum Exhibition at ADNEC Exhibition Center October 2, 2023. Jaber told an Abu Dhabi oil conference on October 2, 2023, that the fossil fuel industry would play an essential role in addressing the climate crisis. (Photo by Ryan LIM / AFP) (Photo by RYAN LIM/AFP via Getty Images)

Ryan Lim | Afp | Getty Images

The United Arab Emirates planned to use its role as the host of the biggest and most important annual climate conference as a platform to lobby foreign government officials for oil and gas deals, according to a cache of internal documents obtained by a not-for-profit investigative journalism organization.

The leaked records show that Sultan Al-Jaber, who controversially serves as both COP28 president designate and chief executive of state oil giant ADNOC (the Abu Dhabi National Oil Company), planned to discuss fossil fuel deals with 15 countries during the forthcoming climate conference. Al-Jaber was the founding CEO of Abu Dhabi state-owned renewable energy firm Masdar.

A spokesperson for the UAE’s COP28 team and ADNOC were not immediately available for comment when contacted by CNBC. Abu Dhabi-based renewables giant Masdar declined to comment.

The UAE team did not deny using COP28 meetings for business purposes, the BBC reported Monday, citing a spokesperson as saying that “private meetings are private.”

The documents were published by the Centre for Climate Reporting (CCR), who worked in collaboration with the BBC. CCR, which has received funding from the likes of Greenpeace and Rockefeller Philanthropy Advisors, said it was able to verify the accuracy of the leaked documents via an unnamed whistleblower.

The documents purportedly show briefing notes prepared by the UAE’s COP28 team for meetings with almost 30 foreign governments ahead of the summit, which starts Thursday and is scheduled to run through to Dec. 12.

Among some of the proposed talking points for Al-Jaber were the UAE’s hope to get off the Brazilian “tax haven” list to help facilitate new investments from Masdar, its desire to consider a possible deal with China over liquified natural gas projects and its position that ADNOC “stands ready to support the supply of petrochemicals to Egypt.”

COP28 is the United Nations’ upcoming round of global climate talks. The two-week long summit will be held in Dubai, with scores of world leaders and government ministers from nearly 200 countries expected to attend — alongside an estimated 70,000 delegates.

It is regarded as a pivotal opportunity to accelerate action to address the climate crisis at a time when global temperatures are hitting record highs and extreme weather events are affecting people worldwide.

The United Nations Framework Convention on Climate Change did not immediately respond to a CNBC request for comment on the leaked documents. The Conference of the Parties (COP) is the supreme decision-making body of the UNFCCC.

‘A fox is guarding the hen house’

Human rights group Amnesty International repeated its call for Al-Jaber to stand down from his role at ADNOC to ensure the success of the COP28 summit.

“Sultan Al Jaber claims his inside knowledge of the fossil fuel industry qualifies him to lead a crucial climate summit but it looks ever more like a fox is guarding the hen house,” Amnesty International’s climate advisor Ann Harrison said in reaction to the leaked documents.

“Our calls on Sultan Al Jaber to step down from his role at ADNOC if he wishes to lead a successful summit remain valid,” Harrison said.

“Documents suggesting he was briefed to advance business interests in COP meetings only fuel our concerns that COP28 has been comprehensively captured by the fossil fuel lobby to serve its vested interests that put the whole of humanity at risk.”

In a statement confirming his appointment as COP28 boss at the start of the year, Al-Jaber said, “The UAE is approaching COP28 with a strong sense of responsibility and the highest possible level of ambition.”

“Pragmatism and constructive dialogue must be at the forefront of our progress,” he added.

Al-Jaber’s office said at the time that the minister had played a “proactive participatory role” at more than 10 COP summits and brings to his role two decades of business and leadership experience in government, climate policy and across the renewable and energy sectors.

ADNOC, which recently became the first among its peers to bring forward its net-zero ambition to 2045, said in January this year that it would allocate $15 billion for investment in “low-carbon solutions” by 2030, including investments in clean power, carbon capture and storage and electrification projects.

Masdar, meanwhile, works in more than 40 countries worldwide and has invested in or committed to invest in renewable energy projects with a total value of over $30 billion.

Environment

The first giant 15 MW turbine is up at Germany’s largest offshore wind farm

Published

10 hours ago

April 28, 2025

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The first giant 15 MW turbine is up at Germany’s largest offshore wind farm

Germany largest offshore wind — Photo: EnBW

Germany’s largest offshore wind farm under construction, EnBW’s He Dreiht, just hit a big milestone: The first enormous turbine is now up in the North Sea.

He Dreiht – which means “it spins” in Low German – is using Vestas’s massive 15 megawatt (MW) turbines, the first project in the world to install them. Just one spin of one of the rotors can generate enough electricity to power four households for an entire day.

When it’s finished, He Dreiht will have 64 mega turbines cranking out 960 megawatts (MW) of clean power – enough to supply around 1.1 million homes. And it’s being built without any government subsidies.

EnBW, one of Germany’s major energy companies, has been working in offshore wind for more than 15 years, but He Dreiht is their biggest project yet. “It will play a key role in helping us to significantly grow our renewable energy output from 6.6 GW to over 10 GW by 2030,” said Michael Class, who heads up EnBW’s generation portfolio development.

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The project is a win for Vestas, too. “With the installation of the first V236-15.0 MW, we have reached an important milestone for both the He Dreiht project and our offshore ramp-up, which helps Germany build a more secure, affordable, and sustainable energy system,” said Nils de Baar, president of Vestas Northern & Central Europe.

He Dreiht is located about 85 kilometers (53 miles) northwest of Borkum and 110 kilometers (68 miles) west of Helgoland. At peak times, more than 500 workers will be out at sea building the farm, using a fleet of more than 60 ships. EnBW’s offshore team in Hamburg is running the show.

The installation process is a major operation. The 64 foundations were already set in the seabed last year. Parts for the turbines are loaded onto the installation vessel Wind Orca in Esbjerg, Denmark, and shipped out in a 12-hour journey to the construction site. From there, the turbines are lifted into place. Meanwhile, crews are also working on internal wind farm cabling.

A partner consortium made up of Allianz Capital Partners, AIP, and Norges Bank Investment Management owns 49.9% of the shares in He Dreiht.

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Tesla gives update on Tesla Semi factory, says on track for volume production in 2026

Published

11 hours ago

April 28, 2025

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Tesla gives update on Tesla Semi factory, says on track for volume production in 2026

Tesla has released a quick update about its Tesla Semi factory in Nevada. It says that it is on track for volume production of the electric semi truck in 2026.

The Tesla Semi was first scheduled to go into production in 2019, but it has faced numerous delays.

Now, it appears that there is finally some momentum to bring it to volume production.

For the last two years, Tesla has been working to build a new factory next to Gigafactory Nevada, where it builds the battery packs and drive units for most of its electric vehicles built in North America.

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Today, Tesla released a “progress update on the factory, confirming that it finished building and it’s now working on deploying the production lines:

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Tesla had previously mentioned aiming for volume production by 2025, but it is now only talking about starting production toward the end of the year and ramping up next year.

The automaker reiterated its planned production capacity of 50,000 units.

We recently reported that an early Tesla Semi customer, Ryder, stated that the electric truck program is experiencing more delays and a price increase described as “dramatic.”

They now expect to take deliveries of their first trucks later in 2026 and said that the price has increased “dramatically,” leading them to scale back their pilot program from 42 to 18 Tesla Semi trucks.

When originally unveiling the Tesla Semi in 2017, the automaker mentioned prices of $150,000 for a 300-mile range truck and $180,000 for the 500-mile version. Tesla also took orders for a “Founder’s Series Semi” at $200,000.

However, Tesla didn’t update the prices when launching the “production version” of the truck in late 2022. Price increases have been speculated, but the company has never confirmed them.

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Environment

Vietnamese solar giant Boviet opens first US factory in North Carolina

Published

12 hours ago

April 28, 2025

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Vietnamese solar giant Boviet opens first US factory in North Carolina

Boviet Solar North Carolina — Photo: Boviet Solar

Vietnamese solar panel maker Boviet Solar just opened the doors to its first US factory — a huge new PV module plant in Greenville, North Carolina.

The company dropped $294 million into the state-of-the-art facility, which will pump out Boviet’s Gamma Series monofacial and Vega Series bifacial solar panels. They’re using advanced PERC and N-Type solar cell tech, which basically means these panels are built to deliver higher efficiency and better performance across residential, commercial, industrial, and utility-scale projects.

The Greenville factory’s first phase is now online with an annual PV module output capacity of 2 gigawatts (GW). For Phase 2, which is scheduled to come online in the second half of 2026, Boviet will invest another $100 million to add 600,000 square feet and ramp up to another 2 GW. It will make high-efficiency solar cells.

Once both phases are complete, Boviet’s campus will cover more than 1 million square feet of manufacturing and R&D space. It’s one of the biggest clean energy manufacturing projects North Carolina has ever seen.

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The jobs impact is significant, too. The first phase will create 460 skilled local jobs. Phase 2 is expected to add another 908, bringing the total to over 1,300 direct jobs, plus nearly 2,000 more indirect jobs across the region. That’s good news for Pitt County’s economy, real estate market, and workforce training programs.

“This facility is not just creating jobs, but creating opportunity, innovation, and a stronger foundation for eastern North Carolina,” said Senator Kandie Smith. Governor Josh Stein added that Boviet Solar’s move shows how North Carolina is leading the way in clean energy growth.

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