The UAE's energy transition needs to be guided by science.
That's according to Mohammed Barkindo, Secretary-General of OPEC, who spoke exclusively to Dubai Eye 103.8's Business Breakfast at Gastech 2021.
He was critical of the "hype and distortion of facts" by interest groups that have tainted the reputation of the oil industry and has proved to be a challenge in the energy transition.
In light of climate change, oil and gas have gotten a lot of bad rap.
However, according to Barkindo, fossil-based fuel sources are still a vital part of the energy transition process, and it is not feasible to rule them out.
OPEC is still struggling to restore stability which they lost during the pandemic in 2020, and their focus is never on the prices.
He has reaffirmed OPEC's support to the Intergovernmental Panel on Climate Change (IPCC) that has contributed significantly to the cause and has done extensive scientific research into the issue.
The subject will be one of the critical issues at the UKCOP26 held in Glasgow in November and will take a holistic look into it, considering climate change and energy poverty.
A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10 per cent of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday.
The UAE government has launched the Know Your Customer (KYC) digital platform, aimed at providing accurate, confidential data for financial transactions.
Volkswagen's union said it was gearing up for strikes across German factories from December 1 after talks over wages and unprecedented factory closures at Europe's largest carmaker failed to achieve a breakthrough on Thursday.
A UAE delegation headed by the Assistant Minister for Economic and Trade Affairs, Saeed Mubarak Al Hajeri, conducted meetings with prominent companies in Finland during an official visit.
A UAE delegation, led by the Assistant Foreign Minister for Advanced Science and Technology, Omran Sharaf, concluded a two-day visit to Ireland's capital for talks on strengthening science, technology, and trade partnerships.