Is it too much to ask that the world’s most important climate summit, where the future of the planet will be decided, is protected from the demands of Big Oil? It is, after all, the very people driving the crisis that the summit is meant to address.
Apparently it is.
Leaked emails obtained by the Centre for Climate Reporting and the BBC suggest that the Abu Dhabi National Oil Company, or ADNOC, was aiming to use COP28, hosted by the United Arab Emirates, to seek out new deals for its oil and gas production. ADNOC’s CEO is Sultan Ahmed al-Jaber, who also happens to be president of COP28, as the United Nations climate negotiations are known.
A COP president’s simultaneously leading an oil company planning expansion is a blatant conflict of interest. So the reports of abuses of power aren’t surprising, but — as former Vice President Al Gore says — they are still “utterly appalling.”
The chances for real progress at COP28 were badly damaged early this year when an oil company CEO was appointed to lead the negotiations. And now investigative journalists have confirmed some of the worst fears of those who criticized that absurd appointment with the shocking… https://t.co/jDJwofmrWs
— Al Gore (@algore) November 27, 2023
The COP28 team has downplayed the leak, telling the BBC that al-Jaber is “singularly focused on the business of COP and delivering ambitious and transformational climate outcomes at COP28.”
Nevertheless, a recent investigation by Global Oil and Gas Exit List, a database of the oil and gas industry, revealed that ADNOC’s plans to ramp up its future fossil fuel extraction put it at the top of the list of companies whose forecast emissions from new oil and gas fields will burn through our global carbon budget the fastest.
Meanwhile, Darren Woods, the CEO of ExxonMobil, another front-runner in the race to expand fossil fuel production, claimed last month that reducing the supply of fossil fuels would only cause “human hardship and a poorer world.” We know that’s not true. Fossil fuels are driving human suffering as extreme weather and climate events increase in frequency and intensity. Right now, renewables clearly represent the future, and to suggest that developing countries need to dig for fossil fuels opens them up to the risk of stranded assets when the market dries up.
In a policy statement issued in December 2021, Exxon talked up fossil fuel employment opportunities in the U.S. while complaining that “obstacles to accessing U.S. offshore oil and gas resources continue to limit development through broad regulatory overreach.” A ban on new oil and gas exploration on federal land, the statement claimed, would cost “up to one million jobs” in the following year.
Slowing down the global transition to green energy is the real job killer.
Slowing down the global transition to green energy is the real job killer. A new report by the International Energy Agency states that “more people work in the energy sector today than in 2019, almost exclusively due to growth in clean energy, which now employs more workers than fossil fuels.” According to the report, clean energy industries created 4.7 million new jobs from 2019 to 2022. More people now work in renewables than work in fossil fuels, and that growth is continuing at pace.
Recently published research has also shown that most fossil fuel workers have skills that are easily transferable to renewable energy industries. With careful, location-specific investment, I believe a just transition can be achieved.








