Thursday, April 09, 2009

Brother, can you spare a dime for Saudi Arabia?

Climate Change Conference Wrap Up
During negotiations this week, Saudi Arabia, the world’s largest oil exporter, said the ongoing climate change talks threaten its economic survival.

"It's a matter of survival for us, also. So we are among the most vulnerable countries, economically," one delegate Mohammad Al Sabban told Reuters.

He said his country has done little to diversify and that it is in need of support to develop alternative energy sources and to bury carbon emissions in near-depleted oil wells.

The country would like access to any future adaptation funds, despite a recent claim by the country’s oil minister that oil will continue to the primary source of global energy for years to come, while renewable energy should be thought of as “supplemental.”

No comments: