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UAE concluded $100bn of fossil fuel deals benefiting from its COP28 Presidency: Global Witness - Dailynewsegypt
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UAE concluded $100bn of fossil fuel deals benefiting from its COP28 Presidency: Global Witness - Dailynewsegypt
A new investigation by Global Witness alleges that UAE’s Abu Dhabi National Oil Company (ADNOC) sought to conclude nearly $100bn in oil, gas, and petrochemical deals in 2023 during the COP28 presidency, a five-fold increase over the previous year. The deals were reportedly negotiated with entities in the UAE or owned by Azerbaijan, which will host the upcoming COP29. This revelation comes amidst criticism that the UAE, host of COP28 in November …
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