Authorities nominated Sultan al-Jaber, a trusted confidant of UAE leader Sheikh Mohammed bin Zayed Al Nahyan, who serves as CEO of the Abu Dhabi National Oil Co. That firm pumps some 4 million barrels of crude a day and hopes to expand to 5 million daily.
The Emirates' state-run WAM news agency made the announcement, noting al-Jaber's years also serving as a climate envoy. His nomination, however, drew immediate criticism. Harjeet Singh, who is the head of Global Political Strategy at Climate Action Network International, said al-Jaber holding the CEO title at the state oil company posed "an unprecedented and alarming conflict of interest."
Each year, the country hosting the U.N. negotiations known as the Conference of the Parties -- where COP gets its name -- nominates a person to chair the talks. Hosts typically pick a veteran diplomat as the talks can be incredibly difficult to steer between competing nations and their interests. The nominee's position as "COP president" is confirmed by delegates at the start of the talks, usually without objections.
Mubadala, Abu Dhabi's sovereign wealth fund, has invested some $3.9 billion since 2018 in renewable energy, according to the New York-based research firm Global SWF. Masdar listed some $14.3 billion in investments in a 2020 briefing. Masdar did not respond to questions about its investments Thursday.
The UAE's clean energy policies grew in the mid-2000s as Dubai's real-estate boom saw it constructing the world's tallest building and massive, palm-shaped archipelagos off its coast. The World Wildlife Fund at the time estimated the UAE had the world's largest ecological footprint per capita -- meaning that each of its residents used more resources on average than those living in any other nation. The UAE still ranks high on similar lists.
Since we know there will be a cop 29, why don’t we just listen to a different point of view?