“Saudi representatives pushed at the United Nations global climate summit in Egypt to block a call for the world to burn less oil, according to two people present at the meeting, saying that the summit’s final statement “should not mention fossil fuels.” The effort prevailed: After objections from Saudi Arabia and a few other oil producers, the statement failed to include a call for nations to phase out fossil fuels.”
Shimmering in the desert is a futuristic research centre with an urgent mission: Make Saudi Arabia’s oil-based economy greener, and quickly. The goal is to rapidly build more solar panels and expand electric-car use so the kingdom eventually burns far less oil.
But Saudi Arabia has a far different vision for the rest of the world. A major reason it wants to burn less oil at home is to free up even more to sell abroad. It’s just one aspect of the kingdom’s aggressive long-term strategy to keep the world hooked on oil for decades to come and remain the biggest supplier as rivals slip away.