Saudi Arabia is bolstering years of negotiation tactics designed to stymie vital climate negotiations with a focus on carbon capture technologies that experts say risk delaying a meaningful transition from fossil fuels.
The kingdom, which is the world’s second largest oil producer, accounting for roughly 15% of global output, announced plans at Cop27 in Egypt for what it labelled the “circular carbon economy”, in partnership with the national oil company, Aramco, which recently reported $42.4bn in profit.
