Saudi Arabia is driving a huge global investment plan to create demand for its oil and gas in developing countries, an undercover investigation has revealed. Critics said the plan was designed to get countries “hooked on its harmful products”.
Little was known about the oil demand sustainability programme (ODSP) but the investigation obtained detailed information on plans to drive up the use of fossil fuel-powered cars, buses and planes in Africa and elsewhere, as rich countries increasingly switch to clean energy.
This is the best summary I could come up with:
Little was known about theoil demand sustainability programme (ODSP) but the investigation obtained detailed information on plans to drive up the use of fossil fuel-powered cars, buses and planes in Africa and elsewhere, as rich countries increasingly switch to clean energy.
The ODSP plans to accelerate the development of supersonic air travel, which it notes uses three times more jet fuel than conventional planes, and partner with a carmaker to mass produce a cheap combustion engine vehicle.
The ODSP is overseen by Saudi Arabia’s de facto ruler, the crown prince Mohammed bin Salman, and involves its biggest organisations, such as the $700bn Public Investment Fund, the world’s largest oil company, Aramco, the petrochemicals firm Sabic, and the government’s most important ministries.
In publicly available information, the programme is largely presented as “removing barriers” to energy and transport in poorer countries and “increasing sustainability”, for example by providing gas cooking stoves to replace wood burning.
To achieve this, fossil fuel emission must fall rapidly and most oil and gas reserves must be kept in the ground, meaning climate policies, such as support for electric cars, pose a significant threat to the oil-rich state’s revenues.
The ODSP is additionally targeting bus, ride-sharing and delivery services, according to the presentation: “The goal is to support the deployment of ICE fleets across developing countries to capture the increasing gasoline/diesel demand.”
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And what about the other companies in that vertical? Do they get a pass too?
Great, we have the “what about X” comment. Now we just need “China pollutes more than US” and “I can’t buy an EV because I drive 10.000 miles a day” comment and we can close this thread.
What about the ‘building new cars is bad for the environment’, ‘EVs are expensive’, ‘I’d rather use a bike’, or ‘I’d prefer the government invested in affordable public transport, rather than subsidize the upper middle-class in buying an overpowered status symbol produced by a company run by an anti-semite’ argument?
It’s usually the other way around on the china argument. “but the USA does imperialism too!”
I commute to the moon and back uphill every single day. Battery power and ion drives just won’t cut it. That’s why I need a coal powered car.
What?! You’re trying to tell me those rich dictatorship twats don’t care about the harm they cause to the world just so they stay in power?
You mean to tell me a country who’s entire luxury lifestyle is based almost solely off of oil money has a vested interest in keeping that money flowing no matter the ethical implications?? - colour me shocked!
The infuriating thing is not that Saudis are doing this. The infuriating part is that the west still treats then like allies and protects them.
If politicians threaten Saudi Arabia’s interests, they cut production just before an election, and dumb voters blame the government trying to curtail their influence.
So you can blame western governments, but western voters are just as much to blame.
I’ll never not find it funny that americans think the president has two buttons that says: make gas expensive and make gas cheap
It’s not wrong. Voters need to demand an infrastructure and options that allow them to not compromise their values when leading a normal life.
You got to protect your drug dealer…
You mean to tell me that countries who buy the products have issue when their suppliers sell to other people?
If they UK have issue with fossil fuels they should actual act instead of pertending to care about global warming when the saudi tried to sell a product, and at the same time not doing anything to reduce their emissions.
In fact about 12 or something UK companies sign gas extraction deals with Isreal three weeks ago from the shores of Gaza…
You don’t see a title: Isreal (hook) UK gas companies with (multi billion deal).
Solar is dropping in cost so fast and production is increasing so rapidly that in tandem with available modern connectivity/tech tutorials, I think the practical appeal of sustainable energy will outstrip corporate greed and national conspiracies of the sort mentioned in this article.
practical appeal of sustainable energy will outstrip corporate greed
Nah it’ll just migrate to the battery manufacturers
What do you mean?
Battery manufacturers have as much to gain as anybody else from sustainable energy.
I mean corporate greed will not die with the oil companies, it’ll live on in whomever takes their place
Let’s hope so.
I reallllllly want solar. I have enough roof space that I think it might be entirely possible to offset my monthly usage and then some with the right investment.
Unfortunately, some 3000+ kW/mo costs me ~$170/mo and currently the best solar I could price out was going to run me quadruple that at best, with concessions.
I’m fine if it was…say…double the cost, but at the moment it just doesn’t make financial sense.
Problem is…it comes down to timing and then it just feels like trying to time the stock market. I suppose I’ll just do it one of these days…
Well move to Europe then. 3000kWh will usually cost you (depending on the country) somewhere between $500 and $1500.
Is electricity subsidized where you live or something like that?
Been actually considering it!
I don’t know. I live in a relatively rural area. The electricity is quasi-municipal. I know it was 2.5x higher when I lived closer to Portland, OR.
They are ready to kill all of us, just to make more money and they know exactly what they are doing, there are no excuses.
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