“Saudi Arabia, the world’s biggest oil producer, has announcedplans to boostoil production further, from the current 12 million barrels a day to 13 million barrels a day by 2027. The UAE has an even more aggressive growth plan, with state-controlled oil company ADNOCsaying it will increaseoil output by 25% to produce 5 billion barrels a day by 2030. Meanwhile, Qatar continues toinvest heavilyin African oilfields and is building theworld’s largestliquified natural gas (LNG) terminal.”

[COMMENTARY]One major concern is that these states become huge green bond issuers while also greatly expanding their fossil-fuel production–which becomes increasingly difficult to finance! Hence, is the green bond issuance ‘subsidizing’ fossil-fuel investment?
Oil Nations Are Selling Billions In Green Bonds, by Alex Kimani, November 27, 2021, Oilprice.com, UK.