When Crown Prince Mohammed bin Salman announced Saudi Arabia’s "green initiative" this year he did so with the type of eye-catching pledge that has come to characterise the young royal's grandiose plans to modernise the kingdom.
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Canada and Saudi Arabia are the “worst performers” amongst their respective peers when it comes to the scale of support for oil and gas production, a new report says.
This study tracks, for the first time, each G20 country's progress on ending support for fossil fuels—ranking their transparency, commitments, and financial support to oil, gas, and coal.
The G20 scorecard report aims to track each of the G20 countries' progress in ending government support to fossil fuels. See Saudi Arabia's overall ranking and score.
PM Theresa May has offered to help wean Saudi Arabia off oil, but her government’s subsidies to North Sea producers are a poor model for the Middle East petrostate.