COP28

At COP28 the UAE softens, now Saudi Arabia must follow

Saudi Arabia remains a thorn in the side of COP28. Only one solution remains – that the Gulf petrostate host its own COP, and face up to global scrutiny as the United Arab Emirates has done.

Al Jaber

Drama in the desert: Al Jaber backtracks on fossil fuel science

It is less than a week since COP28, the largest ever U.N climate summit, began in the oil kingdom city of Dubai, but drama is already at a peak after Sultan Al Jaber questioned the science behind phasing out fossil fuels.

spain green hydrogen

Spanish oil major Repsol frees up cash for green investment

Repsol said the flow of cash will help its strategic goal of investing 35% of its capital expenditure, or 5.5 billion euros, in low carbon projects in the 2021-2025 period.

Oil majors drag feet on renewables despite bumper profits

Most of the capex rises that have been announced this year will go to hydrocarbon rather than renewables investments.