Inside the Saudi Strategy to Keep the World Hooked on Oil

 

https://www.nytimes.com/2022/11/21/climate/saudi-arabia-aramco-oil-solar-climate.html

 

 By Hiroko Tabuchi
Tabuchi reported from the Saudi capital, Riyadh, to examine the kingdom’s vision for an oil-rich future.
Nov. 21, 2022

 

Shimmering in the desert is a futuristic research center 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.

In recent days, 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.

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The dissonance cuts to the heart of the Saudi kingdom. The government-controlled oil company, Saudi Aramco, already produces one out of every 10 of the world’s barrels of oil and envisions a world where it will be selling even more. Yet climate change and rising temperatures are already threatening life in the desert kingdom like few other places in the world.

Saudi Aramco has become a prolific funder of research into critical energy issues, financing almost 500 studies over the past five years, including research aimed at keeping gasoline cars competitive or casting doubt on electric vehicles, according to the Crossref database, which tracks academic publications.

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