Published by
Al-Araby
Al-Araby
Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday the world could not “simply unplug” from hydrocarbons and that the oil and gas industry needed to invest over $600 billion a year until 2030 to meet expected demand. He was addressing the ADIPEC oil and gas conference which opened in Abu Dhabi on Monday following U.N. climate talks in Glasgow that ended with a deal that for the first time targeted fossil fuels as the key driver of global warming. “The global community has just concluded COP26 and, on balance, it was a success,” al-Jaber said, repeating a call for …