Posted on 10/25/2021 11:25:39 AM PDT by elpadre
"We will work on establishing an investment fund in solutions with circular carbon technology in the region and a global initiative which will supply solutions for clean fuel to provide food for more than 750 million people globally."
The "circular carbon economy" is a concept promoted by the Saudis which aims to remove and store carbon for reuse in other products.
The summit, which also featured the leaders of Qatar and Pakistan, and US climate envoy John Kerry, follows Saturday's Saudi Green Initiative where Prince Mohammed announced a target of net zero carbon emissions by 2060.
Environmental group Greenpeace questioned the seriousness of that target, which comes after state oil firm Saudi Aramco said it planned to raise crude production capacity to 13 million barrels a day by 2027.
The watchdog also accused Saudi Arabia, one of the world's biggest polluters, of trying to divert criticism at the COP26 summit in Glasgow.
(Excerpt) Read more at france24.com ...
“...Saudi Arabia, the largest crude producer in the Organization of the Petroleum Exporting Countries, also draws heavily on oil and natural gas to meet its growing power demands and desalinate its water.
The desert kingdom, population 34 million, is estimated to belch about 600 million tonnes of carbon dioxide per year — more than France (population 67 million) and slightly less than Germany (population 83 million).
Carbon neutrality is a balance between emitting carbon and absorbing carbon from the atmosphere.....”
Of course. Keep the Green insanity going in the West keeps oil prices for the Saudis artificially high. I wonder how many billions the Saudis have been giving this scam in the West for decades now?
The Prince must have had his fingers crosses behind him as he succumbed to Kerry’s demands. Realistically, there is no way the Saudi’s can make those goals even if he wanted, which I doubt. Say anything to get the green people off your back.
Those sand lubbers need to start planting more trees!!
Sure why not. They have a big desert, perfect place for solar panels. And more oil for them to sell to everyone else.
Hell if you were OOOIIILLLL RICH (and getting richer under the Dem RULE) and lived in the Desert you would too, lol:-)
“circular carbon technology”
Is that a “Green New Deal Circle Jerk”?
1B from the Saudi is nothing if it keeps the USA out of production and back to depending on the Middle East.
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