Skip to content Skip to Search
Skip navigation

Al Jaber dismisses Cop28 oil deal allegations as ‘false’

By Pramod Kumar
Cop28 president Sultan Al Jaber says allegations against the UAE are 'an attempt to undermine the work of the Cop28 presidency' Reuters/Amr Alfiky
Cop28 president Sultan Al Jaber says allegations against the UAE are 'an attempt to undermine the work of the Cop28 presidency'

Cop28 president Sultan Al Jaber has firmly rejected allegations that the UAE, the host of Cop28, intended to use climate talks to strike commercial oil and gas deals.

The BBC and the UK-based Centre for Climate Reporting this week reported that leaked briefing documents revealed Al Jaber’s plans to discuss fossil fuel deals with 15 countries at the summit.

“These allegations are false, not true, incorrect, and are not accurate. It is an attempt to undermine the work of the Cop28 presidency,” Al Jaber told a news conference in Dubai.

“Let me ask you a question: do you think the UAE or myself will need the Cop or the Cop presidency to go and establish business deals or commercial relationships?”

“I promise you, never ever did I see these talking points that they refer (to), or that I ever even used such talking points in my discussions,” Al Jaber asserted.

Al Jaber is also the chief executive of state oil giant Abu Dhabi National Oil Company (Adnoc).

He stated that every meeting he conducted with governments or stakeholders as president of the climate talks “has always been centred around one thing and one thing only: that is my Cop28 agenda”.

Cop28, which begins today at Expo City Dubai, runs until December 12, 2023.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]