Space Industry and Business News  
OIL AND GAS
Oil-exporter UAE accepts future is not oil: US delegation
By Talek Harris
Dubai (AFP) Nov 12, 2021

The United Arab Emirates accepts that oil is not its future despite being one of the world's top exporters, a visiting delegation of US politicians told AFP on Friday.

The UAE's leaders "recognise that their future is not going to be in oil", Senator Ben Cardin said at the end of a trip that also included the COP26 climate summit in Glasgow.

Both the UAE and neighbouring Saudi Arabia, the number one oil exporter, announced net zero carbon goals in the build-up to the UN environmental meeting, which ends on Friday.

The targets were set despite plans to ramp up oil production. Net zero refers to emissions created within a country, not by products sold and consumed abroad.

But UAE officials "recognise reality", delegation member and House of Representatives Majority Leader Steny Hoyer said after talks with Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum.

"They know the world is working very hard not to be in a position to buy their product anymore, because they're going to alternative energy," he said at the Dubai Expo world fair, which has sustainability as one of its major themes.

"So I think they also want to make sure that they diversify at this point in time because they know their economy cannot be based long-term on a product that the world thinks is harmful to use."

Hoyer said the UAE's hosting of COP28 in 2023 shows it is committed to clean energy, and would provide an extra "incentive" to move away from fossil fuels.

"The crown prince (Sheikh Mohammed) made it very clear that yes, they were a country that was advantaged by fossil fuels, but that they believe that fossil fuels was yesterday and alternative energy will be the future," he said.

Cardin led a team that also included Senator Bob Casey and Representative Emanuel Cleaver. They also visited Israel before the UAE, their final stop.

The visit comes just over a year after the UAE broke with Arab consensus and normalised ties with Israel, with Bahrain, Morocco and Sudan following suit under a series of US-brokered agreements known as the Abraham Accords.

The UAE and Bahrain are currently engaged in naval exercises with Israeli and US forces in the Red Sea, where Iran has been accused of carrying out attacks.

"What I think the Abraham Accords have done is take us to another level psychologically (in) the relationship between the Arab world and Israel," Hoyer said.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Group of countries vow to exit oil and gas at COP26
Glasgow (AFP) Nov 11, 2021
A handful of nations committed to phasing out oil and gas production at the COP26 summit Thursday, in what organisers Denmark and Costa Rica hope will inspire a global movement towards ending fossil fuels. The coalition, which includes a dozen countries, was announced as nations tussle over a range of issues in the final stages of the UN climate talks in Glasgow. The UN summit aims to implement the Paris Agreement, which has a target of limiting global warming to 1.5 degrees Celsius. To do ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Facebook whistleblower 'extremely concerned' by metaverse as deals worth billions emerge

China's Tencent buys Japanese game designer: report

Extracting high-quality magnesium sulphate from seawater desalination brine

Nuclear radiation used to transmit digital data wirelessly

OIL AND GAS
Isotropic Systems and SES redefine global satellite services with first-ever multi-orbit field tests

France launches state-of-art military communications satellite

Space Systems Command awards $46.5 million contract for meshONE-Terrestrial

Cesiumastro deploys active phased array experimental satellites

OIL AND GAS
OIL AND GAS
China and Africa will strengthen cooperation on Beidou satellite system

A lab in the sky: Physics experiment in Earth's atmosphere could help improve GPS performance

BeiDou-based monitoring system in operation at world's highest dam

Technologies and concepts for the satellite navigation systems of the future

OIL AND GAS
Steady need for new planes despite pandemic: Airbus

Airbus and its partners demonstrate how sharing the skies can save airlines fuel and reduce CO2 emissions

Eagles collaborate in unique high-altitude simulation training

EU's 'green' chief challenged over private jet trips

OIL AND GAS
New algorithms advance the computing power of early-stage quantum computers

Why the world needs a better LED light bulb

Adding sound to quantum simulations

Chip maker TSMC, Sony partner on new $7 bn plant in Japan

OIL AND GAS
Warming temperatures increasingly alter structure of atmosphere

Space data helping Earth adapt to challenges of climate change

NASA, USGS release first Landsat 9 images

NASA selects new mission to study storms, impacts on climate models

OIL AND GAS
Emission reductions from pandemic had unexpected effects on atmosphere

Tunisia city on strike after landfill protest death

Tunisian dies after inhaling tear gas at landfill protest

Pandemic has led to 8.4M tons of excess plastic waste, researchers estimate









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.