Search Site

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

US official meets UAE diplomats to discuss climate change

In January, Kerry welcomed Al Jaber's appointment as COP28 head. (AFP)
  • Oil producers have for year touted carbon capture as a potential global warming solution.
  • With little investment, carbon capture technology is nowhere near the scale needed to make a significant difference.

DUBAI, UAE – US special climate envoy John Kerry has met senior Emirati officials in Abu Dhabi, including the head of the United Nations’ upcoming climate change conference, official media reported on Sunday.

The choice of Sultan Al Jaber, chief executive of the Abu Dhabi National Oil Company (ADNOC), to head December’s COP28 summit in Dubai has annoyed some climate activists and some Western legislators who fear it will hold back progress on reducing emissions.

Kerry met with Al Jaber and the UAE foreign minister, Abdullah bin Zayed, on Saturday, discussing “the existing partnership across various fronts with a special emphasis on climate-related issues”, the official WAM news agency said.

In January, Kerry welcomed Al Jaber’s appointment as COP28 head.

Over 100 lawmakers from the US Congress and European Parliament urged a “limit (to) the influence of polluting industries” at gatherings of the UN Framework Convention on Climate Change, in a letter to US President Joe Biden, European Commission President Ursula von der Leyen and UN Secretary General Antonio Guterres.

Al Jaber regularly calls for more investment in hydrocarbons to meet global energy demand, emphasizing the need to boost development of technologies for capturing carbon dioxide emissions.

Oil producers have for years touted carbon capture as a potential global warming solution, against criticism from climate experts who say it risks distracting from the urgent goal of slashing fossil fuel pollution.

With little investment and few projects in operation around the world so far, carbon capture technology is currently nowhere near the scale needed to make a significant difference to global emissions.