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  1. #1
    Good Enough VH Wahoo's Avatar
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    08.31.15 @ 02:01 PM
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    Saudis Ask For Aid If World Cuts Dependence On Oil



    Oh, those poor, poor, destitute Saudis...pardon me for a moment while I break out my violin and hanky. How can they sit there and propose this, and still keep a straight face?

    Saudis ask for aid if world cuts dependence on oil

    BANGKOK — There are plenty of needy countries at the U.N. climate talks in Bangkok that make the case they need financial assistance to adapt to the impacts of global warming. Then there are the Saudis.

    Saudi Arabia has led a quiet campaign during these and other negotiations — demanding behind closed doors that oil-producing nations get special financial assistance if a new climate pact calls for substantial reductions in the use of fossil fuels.

    That campaign comes despite an International Energy Agency report released this week showing that OPEC revenues would still increase $23 trillion between 2008 and 2030 — a fourfold increase compared to the period from 1985 to 2007 — if countries agree to significantly slash emissions and thereby cut their use of oil. That is the limit most countries agree is needed to avoid the worst impacts of climate change.

    The head of the Saudi delegation Mohammad S. Al Sabban dismissed the IEA figures as “biased” and said OPEC's own calculations showed that Saudi Arabia would lose $19 billion a year starting in 2012 under a new climate pact. The region would lose much more, he said.

    “We are among the economically vulnerable countries,” Al Sabban told The Associated Press on the sidelines of the talks ahead of negotiations in Copenhagen in December for a treaty to replace the Kyoto Protocol, which expires in 2012.

    “This is very serious for us,” he continued. “We are in the process of diversifying our economy but this will take a long time. We don't have too many resources.”

    Saudi Arabia, which sits atop the world's largest proven oil reserves, is seeing economic growth slide because of fallout from the global meltdown, but experts still expect the country, flush with cash from oil's earlier price spike last year, to be better able than other nations to cope with the current crisis.

    Al Sabban accused Western nations of pursuing an agenda against oil producers, under the guise of protecting the planet.

    “Many politicians in the Western world think these climate change negotiations and the new agreement will provide them with a golden opportunity to reduce their dependence on imported oil,” Al Sabban said. “That means you will transfer the burden to developing countries, especially to those highly dependent on the exploitation of oil.”

    Al Sabban said his country wanted a new deal and was not impeding progress in talks as some activists have claimed.

    An Arab environmental group IndyACT and the environmental group Germanwatch released a report today accusing Saudi Arabia of blocking key elements of the negotiations. Among their tactics, the groups said, was slowing negotiations by insisting that the economic woes of oil producers be included in the text.

    “Despite the variability in the region, the current Arab position is mainly focused around protecting the oil trade rather than saving the planet form the adverse impacts of climate change,” said Wael Hmaidan, the executive director of IndyACT.

    Most countries have agreed that any new pact should include provisions to avoid temperature increases of more than 3.6 degrees Fahrenheit (2 degrees Celsius) above preindustrial levels — the threshold at which most scientists say serious climate change will ensue.

    That would require emissions cuts from industrial countries of 25 to 40 percent below 1990 levels by 2020, far above the 15 to 23 percent cuts rich countries have offered so far. It would also require developing countries to scale back their emissions.

    Both rich and poor countries are counting on a transition to a low carbon economy as a key component of meeting their reductions, a move that would require them to away from fossil fuels and toward renewables like solar, wind and hydro power.

  2. #2
    Good Enough brownnation's Avatar
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    02.18.16 @ 03:10 PM
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    Awwwww.....

  3. #3
    Atomic Punk Dave's Dreidel's Avatar
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    12.14.17 @ 10:37 AM
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    I usually try not to cuss on here, but...give me a fucking break.

    They have been fleecing the entire world for a century, yet they want help?

    Fuck them.
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  4. #4
    Atomic Punk
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    12.11.17 @ 04:37 PM
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    OMFG....
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  5. #5
    Unchained scs5150's Avatar
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    12.17.10 @ 10:56 AM
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    tell 'em to start saving their money!

  6. #6
    Atomic Punk edwardv's Avatar
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    12.14.17 @ 05:41 PM
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    Get a job King Abdullah or maybe ask Isreal how they have such a good economy with no oil production.
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  7. #7
    Forum Frontman fudd's Avatar
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    Yeah I say give em help, If they lower oil prices to 1998 prices. Otherwise, eat a dick.

  8. #8
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    12.14.17 @ 12:39 PM
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    Fuck every single one of them fucking rat bastards. I hope we go solar real soon and break our addiction to crude oil. Let every single one of them rot in the sun and sand, and all the mega oil companies too. They're criminals, every last one of them.

  9. #9
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    Get in Line Gentleman

  10. #10
    Damage your reputation seenbad's Avatar
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    11.30.17 @ 06:15 PM
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    Quote Originally Posted by fuddman5150 View Post
    Yeah I say give em help, If they lower oil prices to 1998 prices. Otherwise, eat a dick.
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  11. #11
    Atomic Punk
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    05.31.14 @ 08:17 PM
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    Yep. All they have to do is drop the price of oil to $15 a barrel and they can submarine climate change legislation in most places in the world, just like they did in the early 1980s.

    Otherwise, they can pick up their check on the corner of Fuck You Avenue and Kiss My Ass Blvd.

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