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Opec countries have been characteristically quiet in the climate debate in the run-up to the key COP21 climate talks in Paris in December. Saudi Arabia has been the one Opec country that has attempted to help shape the agenda.
State oil giant Aramco was one of 10 large international oil firms – alongside the likes of BP and Shell – to sign up to the Oil and Gas Climate Initiative (OGCI), a grouping that among other things aims to promote gas as part of the solution to global warming.
And this week the kingdom hosted a major forum promoting carbon capture and storage (CCS), a technology that is seen as having the potential to greatly reduce the hydrocarbons industry’s CO2 emissions. Saudi Arabia is now expected to submit its COP21 pledges, or Intended Nationally Determined Contribution (INDCs), next week to the United Nations. (CONTINUED - 1139 WORDS)