Saudi Arabia Says They Want to a 'Achieve a Green Future,' But They Forgot One Important Thing At the United Nations COP27 conference in Egypt, the oil-rich country laid out a controversial plan for sustainability.

By Jonathan Small

Saudi Arabia produces 10.84 million barrels of oil a day, which makes up 11 percent of the world's total export.

So it came as a bit of a surprise at last week's United Nations climate conference, COP27, in Sharm el-Egypt, when the Saudi government announced a plan for "a greener future and better quality of life" but didn't mention cutting oil production.

The ambitious plan calls for afforestation and biodiversity, emissions reduction, investments in alternative energy, the establishment of new protected areas, and plans for a new carbon capture and storage hub.

But some climate experts were not impressed.

"Saudi Arabia would be better placed to focus on cutting emissions rather than relying on carbon capture and storage and questionable reductions from planting trees, the offsets of which would simply allow them to continue increasing emissions from burning fossil fuels," said Mia Moisio, an energy policy expert at the New Climate Institute think tank.

To read more about this controversial topic, head over to Grist.

Jonathan Small

Entrepreneur Staff

Founder, Strike Fire Productions

Jonathan Small is a bestselling author, journalist, producer, and podcast host. For 25 years, he has worked as a sought-after storyteller for top media companies such as The New York Times, Hearst, Entrepreneur, and Condé Nast. He has held executive roles at Glamour, Fitness, and Entrepreneur and regularly contributes to The New York Times, TV Guide, Cosmo, Details, Maxim, and Good Housekeeping. He is the former “Jake” advice columnist for Glamour magazine and the “Guy Guru” at Cosmo.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

They Started a Side Hustle Producing an 'Obvious' Food Item. It Hit $300,000 Monthly Revenue Fast — On Track for Over $20 Million in 2025.

When Jason Rosenbaum and Hailey Swartz couldn't find the product they wanted to see on grocery store shelves, they took matters into their own hands.

Business News

Hackers Access Personal Data of Millions of McDonald's Job Applicants Thanks to Absurdly Easy-to-Guess Password

Lax secuity measures on McDonald's AI-powered "McHire" site made the personal info of tens of millions of job-seekers vulnerable.

Business News

'Uniquely Positioned': How Small Business Owners Can Successfully Navigate the Tariffs

Global supply chain expert Kerim Kfuri offers smart strategies for dealing with tariff uncertainty.

Leadership

Lead From the Top: 5 Core Responsibilities of a CEO

Knowing exactly what the chief executive's role entails is critical for steering a company to success.

Business News

Meta Is Reportedly Paying an Apple Engineer Over $200 Million to Join Its Superintelligence Effort

The former Apple distinguished engineer will receive most of the compensation in stock awards.

Business Solutions

Own Office 2021 and Windows 11 Pro for Only $44.97

Get 89% off MSRP on this Microsoft Office and Windows 11 Pro bundle.