08 October 2009

Them Saudis Got Chutzpah

This one really takes the cake- the AP reports Saudi Arabia plans to insist on UN aid money if a significant portion of the world reaches a climate pact that potentially cuts dependence on oil consumption. This comes despite studies showing that OPEC revenues will soar +$33 trillion by 2030 -as much as 4x current income- regardless.

The Houston Chonicle:

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...

Read more -here-