Adel Al Jubeir, Minister of State for Foreign Affairs, Climate Envoy, was surprised at how Europe has handled the energy crisis and the fight against climate change, noting that it is levying 200 percent taxes on Persian Gulf oil under the pretense of protecting the environment. and at the same time supports coal, the largest environmental pollutant. In yesterday’s televised statements, he called for the need to tackle climate change sustainably without disrupting the energy mix, emphasizing the importance of sequestering pollutants, sequestering carbon and using a circular carbon economy to reap the potential benefits from energy resources. He expressed surprise at the demand by some to increase oil production when prices rise, which could lead to chaos, reduce investment and jeopardize supplies, citing the importance of higher prices in light of rising exploration and exploration costs. He noted that the Kingdom is one of the largest investors in solar energy, aims to become the world’s largest supplier of hydrogen and is working to accelerate the achievement of the announced goals of achieving carbon neutrality by 2060. He cited Saudi Arabia’s big efforts to cut methane emissions by 2030.
“A lot of hypocrisy. Europe is taxing Persian Gulf oil over 200% under the pretext of protecting the environment, while at the same time supporting coal, which is the biggest environmental polluter.”
— Jim from People (@X_Jpeter) August 8, 2022
