• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 8 days America should go after China but it should be done in a wise way.
  • 1 day Even Shell Agrees with Climate Change!
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 4 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 3 days World could get rid of Putin and Russia but nobody is bold enough
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Can Anything Stop Bitcoin’s Bull Run?

Can Anything Stop Bitcoin’s Bull Run?

Bitcoin surged past $63,000, driven…

UN Experts Claim Saudi Aramco May Be Violating Human Rights With Oil Production

According to UN human rights experts, Saudi Aramco is threatening human rights by expanding its oil production due to “the adverse impacts on human rights caused by activities such as the exploitation of fossil fuels which contribute to climate change.”

The concern was expressed in a letter authored by a group of unnamed UN human rights experts and sent to the Saudi state energy giant.

Reuters noted in a report that the letter did not spell out in detail what the adverse impacts of oil production on human rights was, but the Financial Times said that Aramco was the world’s biggest corporate CO2 emitter.

The latter statement is contradicted by this rating of the world’s biggest emitters, which was compiled by the Carbon Disclosure Project. According to the CDP, the biggest emitter in the world is China Coal, which accounts for 14.3% of total global emissions.

In that rating, Saudi Aramco is second, with 4.5% of global emissions.

What’s more interesting in the FT report, however, is the fact that the UN experts had also contacted the banks that Aramco works with, including Citi and BNP Paribas, to warn them that their Saudi clients may be violating human rights laws.

There was a hint of a threat in the letter to the banks, as it said that if the lenders were aware of Aramco violating human rights and failed to act on this awareness, “it can be viewed as enabling the situation”, the FT reported.

“Businesses should avoid infringing on human rights by taking proactive steps to identify, prevent, mitigate and address adverse impacts with which they are involved, including impacts resulting from climate change,” the UN officials said.

ADVERTISEMENT

Energy Intelligence’ OPEC correspondent Amena Bakr noted that the authors of the letter to Aramco and its banks had given no reason why they had only targeted the Saudi energy giant.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News