A A
The predicaments that have beleaguered some of the major global oil companies – in courts and within their own boardrooms – have proven beyond doubt that they will no longer be able to ignore the facts of science, rule of law and the pressure of public opinion.
The recent developments also showed that Saudi Arabia, the largest oil exporter in the world, was right in initiating its proactive policies, not only in terms of committing to the provisions of the Paris Climate Agreement and the reduction of carbon emissions from its oil industries, but also by advancing doable alternatives. This was evident in the Circular Carbon Economy, Green Saudi Arabia and Green Middle East initiatives.