Coming soon





& Tobago




Very usefull links



The Global Barrel

Tiempo Culural

Gustavo Coronel


Le Blog des
Energies Nouvelles

News Links




Dow Jones



Views and News






Oil-exporter UAE accepts future is not oil: US delegation


The UAE announced net zero carbon goals at the COP26 event

By Talek Harris / AFP

Petroleumworld 11 17 2021

The United Arab Emirates accepts that oil is not its future despite being one of the world's top exporters, a visiting delegation of US politicians told AFP on Friday.

The UAE's leaders "recognise that their future is not going to be in oil", Senator Ben Cardin said at the end of a trip that also included the COP26 climate summit in Glasgow.

Both the UAE and neighbouring Saudi Arabia, the number one oil exporter, announced net zero carbon goals in the build-up to the UN environmental meeting, which ends on Friday.

The targets were set despite plans to ramp up oil production. Net zero refers to emissions created within a country, not by products sold and consumed abroad.

But UAE officials "recognise reality", delegation member and House of Representatives Majority Leader Steny Hoyer said after talks with Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum.

"They know the world is working very hard not to be in a position to buy their product anymore, because they're going to alternative energy," he said at the Dubai Expo world fair, which has sustainability as one of its major themes.

"So I think they also want to make sure that they diversify at this point in time because they know their economy cannot be based long-term on a product that the world thinks is harmful to use."

Hoyer said the UAE's hosting of COP28 in 2023 shows it is committed to clean energy, and would provide an extra "incentive" to move away from fossil fuels.

"The crown prince (Sheikh Mohammed) made it very clear that yes, they were a country that was advantaged by fossil fuels, but that they believe that fossil fuels was yesterday and alternative energy will be the future," he said.

Cardin led a team that also included Senator Bob Casey and Representative Emanuel Cleaver. They also visited Israel before the UAE, their final stop.

The visit comes just over a year after the UAE broke with Arab consensus and normalised ties with Israel, with Bahrain, Morocco and Sudan following suit under a series of US-brokered agreements known as the Abraham Accords.

The UAE and Bahrain are currently engaged in naval exercises with Israeli and US forces in the Red Sea, where Iran has been accused of carrying out attacks.

"What I think the Abraham Accords have done is take us to another level psychologically (in) the relationship between the Arab world and Israel," Hoyer said.


By Agence France-Presse-AFP 11 12 2021



Editor & Publisher:Elio Ohep /
Contact Email:

CopyRight © 1999-2021, Elio Ohep A. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2021, Petroleumworld   / Elio Ohep - All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.