meanwhile adnoc is on a path to becoming the broke number two oil producer, second only to saudi aramcoh like this but we are looking for a total oil production between now and 2015. foradnoc production between now and 2015. for adnoc alone it is 35.9 billion barrels of oil. what is a barrel? it is one of these. any one of these would be enough to refuel a typical compact car about three times a day. the firm said it was widely accepted that oil and gas production would continue for decades to come. but it was making its activities more climate friendly and expanding into renewable energies. the emissions associated with adnoc positive oil production would amount to 14.3 billion tonnes of carbon dioxide by the year 2015. that is more than the annual emissions of china and the worlds largest emitter. the international energy agency has said that adnoc�*s expansion is simply incompatible with the paris agreement objectives. the uk ministry of defence says a british soldier has been killed while off duty in kenya. 32—year—old major kevin mccool was on a motorcycle trip off base when he was

another new announcement from around 50 oil companies, including the world's largest, saudi arabia's aramcorive down the carbon emissions from refining oil into petrol, diesel and other products to net zero by 2050. now, that would reduce the carbon produced by a litre of petrol by up to 15%. it's better than nothing, but really, we need to stop using this stuff completely. the pope and the secretary general of the un have both said fossil fuels need to go. the american and chinese climate envoys entered the meeting side by side — a sign of their closeness on the climate issue. gentlemen, will you commit to phasing out fossilfuels here in the uae? i think you're going to hear a good discussion in the next few days. so, no public commitments today. the us vice president said america understands the challenge. the urgency of this moment is clear. the clock is no longerjust ticking. it is banging. we need transformative change and exponential impact. and it sounds like the president of these talks has also got the memo. the world can break down if we don't rapidly transition to zero—carbon alt

. —— salyer aramco. production between now and 2050 stop at not only to 39.5 —— $35.9 billion a barrel. this is a barrel. it is enough to refuel a typical combat car about three times over. it is widely accepted that oil and gas production would continue for decades to come but it was making its activities more climate friendly and expanding into renewable energies. dauid into renewable energies. david waddell they're _ into renewable energies. david waddell they're getting - into renewable energies. david waddell they're getting us - into renewable energies. david waddell they're getting us more on that. let's take a look at what else is going to be taking place all through the week that we are taking a look at. on tuesday we get a snapshot of the cost of living in south korea and how the economy has been performing there in the country. to that day, we will turn our attention to australia whether central bank is going to be delivering an interest rate decision, and it comes a day before the economic gr

we also saw the commitment from 50 oil and gas companies, including aramco, the saudi oil giant, pledging wonder how effective you think that might be, whether it is even feasible. i think the biggest problem with that pledge is that the — the emissions from their own operations are far smaller than the emissions from the fossil fuels they produce. that is about 80—95% of the emissions from those companies are not covered by this pledge. this is only a pledge to within their own operations, their own production, to reduce emissions. though it is a start, but the vast majority of the problem isn't addressed by this today. and what everybody coming together at cop is doing is meeting under the umbrella of the paris climate accord, the commitment to limit warming to 1.5 degrees from preindustrial levels. we are coming onto the fourth day in dubai, do you think that is still possible? i think most scientists think we will pass the 1.5 degrees mark. what they are hoping is that when we pass that we will do it by little and will be able to pull back emissions using some new technologies and thi

including saudi giant aramco pledged to stop adding to planet—warming gases by 2050.or even if it is feasible? t be or even if it is feasible? i think the biggest problem with that pledge is that the emissions from their own operations are far smaller than the emissions than what they produce that is about 80—90% of the emissions from these companies are not covered by this pledge. this is only a pledge within these own operations and production to reduce emissions. so it is a start, but the vast majority of the problem is not addressed by this. fit vast majority of the problem is not addressed by this.— addressed by this. of course what eve one addressed by this. of course what everyone is _ addressed by this. of course what everyone is doing _ addressed by this. of course what everyone is doing is _ addressed by this. of course what everyone is doing is meeting - addressed by this. of course whatl everyone is doing is meeting under the umbrella of the paris climate accords to limit global warming than no more than 1.5 degrees above preindustrial levels. we are coming

was the attack by drones and cruise missiles on two oil facilities of the saudi oil company saudi aramcor 2019. this led to world prices. and after the start of the israeli operation in gaza, the yemenite the rebels began to fire at and even seize ships that... in their opinion, were delivering cargo to israel. as a result , the largest container and oil and gas carriers have suspended the movement of ships through the red sea, the main transport corridor from india and asia to europe through the soet canal. the routes will now redirect the gulf of adon to yemen airspace. the houthi movement is leaving. his non-overthrow, by the way, was welcomed by nasr in the year sixty-two, but today’s followers remain something for the world rather mysterious, either sectarians, or rebels, or actually the authorities, to sergei nikolaevich serebrov from the institute of oriental studies. call it the reformist islamic teachings of the new wave, the postmodern era. that is, the reformers of the era of muhammad abdo and afghanistan at the beginning of the 20th century, they tried to break the ossified t

was an attack by drones and cruise missiles on two oil facilities of the saudi oil company saudi aramcoptember 2019, which led to a suspension of oil production for several days and a jump in world prices, and after the start of the israeli operation in gas, yemeni rebels began to shell and even seize ships , which in their opinion deliver goods to israel. as a result , the largest container and oil and gas carriers suspended the movement of ships through the red sea, the main transport corridor from india and asia to europe via the soetsky canal. routes are now rerouted via the cape of good hope around africa. moreover , until recently it was believed that american ships and aircraft completely controlled the gulf of adon and the airspace of yemen. the houthi movement is rooted in the thousand-year history of the zayedi imamate, its non-overthrow, by the way , was welcomed by nasr in the sixty-second year, but today’s followers remain something rather mysterious for the world , either sectarians, or rebels, or in fact authorities. for clarification, we turned to the best domestic exper

look at the top 10 economies in the world, 8 of them are platforms, only one of them is inside aramco, so we need to align with technology, as this is a road map , it doesn't need to be written anymore, when we see these trends and processes. we will definitely not die again, for example, in the middle of cal petrochemical, then the next issue is that all the blessings of artificial intelligence will be born in digital transformation, this is the question now, suppose you have written the map, is this role ready , are organizations ready to accept artificial intelligence, answer with determination. there are regulations, the law of regulations should facilitate regarding artificial intelligence, i believe that the private sector is far ahead of the law, regulation and governance sector in the field of artificial intelligence . we have had companies working in the artificial intelligence sector for the past few years, they have products, and we should let's help them if we want to discuss the work done in the country in the field of magic. well, we in the ministry of communications est

proved that when, for example, on april 5, 1401, seven cities of saudi arabia , where the american aramco facilities were located, were simultaneously targeted, it proved that anti-missile defense weapons. for example, patriot sirm and todd it does not have the ability to target yemeni missiles , in addition to giving this warning to the us that if the us attacks yemen , more options will open up against ansarullah, and the meaning of this is that they will now have permission to attack the ships if america and america's allies attack , this will mean more blocking of the strait of hormuz, the strait of bablamanda, the strait. as i said, the meaning of this is that the yemeni government, led by ansarullah , is more secure against the united states. not doing anything directly against yemen means the hand of america as the superpower of the western bloc against a small group of ansarullah in an asian country against the palestinian people in yemen, repeat it in yemen, because of this, america is completely challenged. thank you, i spoke with mohammad parsan najafi. expert on yemen issues.

look at the top 10 economies in the world, 8 of them are platforms, only one of them is aramco , so we technology. let's be when this is a road map, there is no need to write it, we stop when we see these processes. asking that now that you have written the document, the devices are about to be implemented. let me answer one more thing that they said first. look very quickly . i have told you how much time it takes to grow in the country. well , one of them is the law. there are regulations, laws, regulations, we need to facilitate the discussion of artificial intelligence. i believe in the private sector. we have had companies working in the field of artificial intelligence for the past years, they have products, and we should help them. if we want to talk about the work that has been done in the country in the field of monitoring this issue, well, we in the ministry of communications established a center a few years ago, more than 3 years ago, a center for the development of intelligence. our goal in the ministry of communications was to move the regulation and legal discussion of ar

the uae and the saudi ramco oil facilities, they're basically saying that, our main target will be aramco oil facilities, we will target the oil facilities and we will target all of the iramco oil pipeline. that stretch throughout the middle east, so they made this threat very clear, and saudi arabia knows very well that the first target is going to be their arco oil facilities. keep in mind that it was the targeting, it was yemen's targeting of of ramco oil facilities that for saudi arabia to end the war or to reach sece fire agreement. they rush, rush to the negotiations table, as soon as the on movement started targeting ramco oil facilities with yemeni ballistic. missiles and we because of that we reached a cease fire which still exists until today, so any formation or joining of a coalition force to attack yemen is violation of the seasfire agreement between yemen and saudi arabia. thank you very much for that. yusuf mari there from sona. thank you, yusuf. moving on, while there has been no letup in israeli atrocities in gaza. people across the world have also been equally unwavering

announcement for around 50 of the world's oil companies, including the world's largest, saudi arabia's aramcoown the carbon emissions from when oil is refined into petrol, diesel and other products to net zero by 2050. now, that could reduce the carbon produced by a litre of petrol by up to 15%. it won't solve climate change, but it's better than nothing. the world is expected to record an all—time record temperature this year, with dire consequences, warned the prime minister of barbados, mia mottley. it is a death sentence for many, and the reality is that unless we change course, we are going to see far more lives lost and far more damage done. tomorrow, the focus here at cop28 turns to the impact of climate on health. justin rowlatt, bbc news, dubai. it isa it is a pleasure to be joined by damilola 0gunbiyi, sustainable energy for all special representative. the pledge to triple renewable capacity by the end of the decade, is that encouraging to you? i think the tripling of renewables and doubling down on energy efficiency is critical. also because it is a development issue so when you sa

exxon mobil and saudi arabia's aramco led a pledge by 50 oil and gas producers to cut emissions of theirback on the release of methane by 2030. there is a new methane tracking program now designed to hold big oil accountable. the initiative was spearheaded by the cop 28 president, the ceo of abu dhabi national oil. he says we must do all we can to decarbonizing the energy system we have today. the cop 28 climate summit is an ambitious effort with hundreds of organizations, companies, and activists in attendance. but there are divisions with in -- within and many are making their way to the headlines this week. haidi: what are the major issues? su: there is an ambitious agenda that includes cutting various fuels and following the paris accord and the already set out steps. there are a lot of critics, newly reported comments by the cop 28 president sparks concern there is loss -- less of a commitment to the fossil fuel phase out and at the crux of the controversy and online conversation between the irish president who pressed the president to take the lead in phasing out fossil fuel and hi

we had another new announcement from around 50 oil companies, including saudi arabia's aramco.into petrol, diesel and other products to net zero by 2050. that would reduce the carbon produced by a litre of petrol by up to 15%. it's better than nothing, but really we need to stop using this stuff completely. the pope and the secretary—general of the un have both said fossil fuels need to go. the american and chinese climate envoys entered the meeting side by side, a sign of their closeness on the climate issue. gentlemen, will you commit to phasing out fossil fuels here in the uae? i you commit to phasing out fossil fuels here in the uae?— fuels here in the uae? i think ou're fuels here in the uae? i think you're going _ fuels here in the uae? i think you're going to _ fuels here in the uae? i think you're going to hear- fuels here in the uae? i think you're going to hear a - fuels here in the uae? i think you're going to hear a good . you're going to hear a good discussion in the next few days. so no public commitments today. the us vice president said america understands the c

we also have that worry about -- the jury is still out, but again, if you talk to aramco, adnoc, manynd. they see that we are getting even better prices than what we were getting as of today. haslinda: that was saudi energy minister prince abdulaziz bin salman speaking exclusively with bloomberg's will kennedy. all the comments from the saudi energy minister grew we -- briefly boosted prices, but most of that has faded. energy traders are starting to question the power of opec-plus to boost prices from here. bloomberg's su keenan joins us. we are seeing all futures marginally higher in trading. su: a bit of studying. west texas steady at 73 after dropping in london and new york respectively. what this means is all markets sending a clear message to opec+, show us, do not tell us. the delays with the most recent opec meeting have raised doubts about its effectiveness, and there is a big question with all these voluntary cuts. how do you enforce it? let's talk about the fact this is all coming on the heels of six weeks of decline from both brent and west texas intermediate futures, and

. >> reporter: frank, 50 oil and gas firms, exxon and saudi aramco pledged to put to net zero by 2030. the inclusion of 29 national oil companies is what makes this new and notable. there is already criticism that a pledge is one thing, but how do you enforce it? i asked former bp ceo bob dudley who was instrumental in the negotiations. >> there is satellite technology to monitor aircraft and drones and ground sensors. the companies will have to be account aable from the data. it is hard to hide. if you look at satellites, there is nowhere to hide. >> reporter: the news comes as energy and finance takes stage this week at cop. we have seen billions of pledges in the first days of the cop. >> we are encouraged to see equi commitments from governments and multilaterals. that is important. the issue is the private sector. the need to mobilize capital to help companies and sovereign entities with source of energy. the amounts requiring are staggering. we have to start somewhere. it is important that we marry the efforts of public initiatives. >> reporter: he says that's an enormous opport

we also have the worry about the jury is still out, but again, if you talk to aramco, adnoc, many ofnies, they see demand. they see that we are getting better prices than what we are getting as brent is today. alix: the saudi energy minister, pointing out oil is paring some of their losses. rate stuff there. a quick check in on markets in general. the nasdaq up by about 1.5%. the s&p flirting with about a 1% loss. still have a pop higher. bitcoin still doing well. most of the commodity complex under a bit of pressure. kind of mixed bag. the rustle up 0.3%. go figure. if things are going to be bad, you will not buy small caps. let's get an investor view. brad jacobs, executive chairman of its po, career ceo, and serial entrepreneur. brad led and founded million-dollar companies, -- seven million-dollar companies what will be his eighth? his new book, "how to make a few billion dollars," is also out in january. maybe there are some clues there. brad: there are. alix: give us the teaser. brad: we are taking $1 billion, nine hundred million dollars of mine and $100 million from friends a

the companies include exxonmobil and saudi arabia's aramco. the biden administration also announced a rule to slash methane emissions by nearly 80% through 02038. >>> now to our special series project earth. many of us have allergies and asthma, and a warming planet could make some of our symptoms even worse. but sara donchey explains there are ways to fight that. >> reporter: she loves the great outdoors, but not so much during allergy season. >> i've had allergies my whole life, stuffy noses, itchy mouth, sneezing all the time. >> reporter: the high school senior has noticed a perplexing change about his hay fever. >> back then it was seasonal-based. in the last couple years it feels like that's definitely changed. i've had the intense type of allergies all year round. there's no break. >> reporter: his mom has noticed it as well. >> i don't think there's a season anymore. it's just continuous. it seems to have progressively gotten worse. it does impact his day-to-day functioning because he wakes up congested. he'll be sneezing for the first

worry about, too, is the houtis have been known in the past to attack civilian targets like saudi aramco disrupting their oil markets. i'm very concerned that the biden administration is not creating a deterrence and responding with serious consequences to so many of these attacks. >> yes. gentlemen, thank you. the republican chairman of the house oversight committee is making new accusations tonight about payments hunter biden made to his father that had a direct connection to china. jackie is live in new york with that story. jackie, good evening. >> house oversight chairman james comer claims his committee has found a so-called pattern among the biden family and that includes payments disguised as loans from china. >> what matters is the way the money was paid to joe biden with you directly through influence peddling and this is the second payment or series of payments to joe biden that came directly from china. there is no disputing that. even the white house isn't disputing it. >> according to comer, hunter biden set up monthly payments to his father from a business account that all

the houthis started attacking the aramco oil fields, and that direction was in all probability, given warned, throughout this conflict, about red lines being crossed. about israel launching attacks into gaza. that this war could spread. and, as they increased those threats, you see the houthis have been launching more and more attacks. they have been doing it since the beginning of this war, but in recent days and weeks, they've seriously ratcheted up hostilities as this part from tehran also gets a lot higher. they have escalated maritime tensions. warning of almost daily attacks in vital waterways, to pressure israel, to pressure the united states. and despite threats of attacks against them, by the u.s., and by israel, they say they are in a very strong defensive position to retaliate against any attacks on them, and part of that is because they've been very well armed, and very well funded by iran. they also say that they are not going to abandon the palestinian calls, regardless of western threats. and they can say that with a degree of confidence, because they know that iran has

is no scenario that doesn't not include that. 50 weapons including exxonmobil, shell, bp and saudi aramcoy eliminate methane emissions by 2030, that's much more destructive than co2 in causing global warming. so, no question there is concern that this cop is being held in a major oil producing nation and in an incredibly wealthy city that was essentially built by oil money. and, as you noted, there is this report out today that nearly 2500 fossil fuel lobbyists are estimated to have been granted access to cop 28, that's a major increase from last year. and i spoke with the ceo of msci, a financial services company, here at the cop, and his reaction, he told me that to say we're going -- not going to have the energy industry is part of this process and this transition and that we're going to defund the energy industry is really going to throw billions of people into poverty and there will be chaos in the world. so, you got to have both sides working in tandem. so, chris, we're now at the halfway mark of cop 28 and the controversy continues, the beat goes on. >> cnbc's diana olick, thank yo

got pledges on both of those today. oil companies, including the world's largest, saudi arabia's aramcod reduce the carbon produced by a litre of petrol by up to 15%. it won't solve climate change, but it's better than nothing. the world is expected to record an all—time record temperature this year, with dire consequences, warned the prime minister of barbados, mia mottley. it is a death sentence for many, and the reality is that unless we change course, we are going to see far more lives lost and far more damage done. tomorrow, the focus here at cop28 returns here at cop28 turns to the impact of climate on health. justin rowlatt, bbc news, dubai. colombia announced it willjoin an international alliance calling for a treaty to end use of fossil fuels , even though its economy relies on them. i asked colombian environment minister maria suzanna mohamed why. the situation of the international diagnosis of how doing right now with increase of potentially 20% of emissions by 2030 in this global revision. so, the reality, even though we are having targets to reduce emissions, they are not r

but again, if you talk to saudi aramco, if you talk to adnoc, talk to many of these companies, they seeand. they see that we are getting better prices than what we were getting as brent is today. vonnie: saudi energy minister prince abdulaziz bin salman, speaking discursively with bloomberg's will kennedy. let's check in on the oil markets, because we are seeing a bit of a rebound after a fall in the most recession. bloomberg's su keenan joins us with more. we are seeing u.s. crude open marginally higher in the asian session. su: yeah, a bit of stabilization after sending off both in new york and london. you have the oil market sending a clear message to opec+, "show us, don't tell us." these comments from the saudi energy minister resulted in a brief blip -- you can see it on the screen, that it was quickly erased with price futures nearing $73 in after-hours trading for wti crude. this comes on the heels of six weeks of declines. brent and wti futures are now below the level they were before the opec+ meeting took place, all of which highlights the market's pessimism and questions abo

giants exxon mobil and ronco are -- aramco have a packed unveiled at the cup 28 but the deal is controversialhe firms agreed to reduce oil and gas production. they are instead planning to reduce emissions of methane, one of the most dangerous greenhouse gases. let's stay on cop 28. joining us as grace fu, the singapore sustainability and environment minister leading the lion city's delegation to dubai they'd are this week. good to have you with us. have you been encouraged by the science coming out of cop 28? >> we have a great start but there's a lot of work ahead of us. haslinda:haslinda: bill gates said a two degree celsius goal is frustrating and former nasa scientists saying 1.5 degrees is long dead. there are naysayers out there. >> there are naysayers out there but i'm running a marathon. every kilometer i reach is counted as an achievement and i think that's what we should do. it is to get collective action from as many parties as possible and make headway as we can. but i think what bill gates has said actually puts a spotlight on carbon capture. for a long time, they said that we ne

is interesting to see what they are doing. >> they raised a couple of critical issues around saudi aramcoion plan that they had has failed to meet expectations, and they talk about other countries and companies in the middle east. they've got concerns about human rights. it is what you call a massive reminder of money. $70 billion fund. we are talking about $15 million. >> i was just thinking that maybe that is a drop in the bucket. >> making a statement. >> one more story for you has to do with some breaking economic news just at moments ago. u.s. initial jobless claims up 12,000 218,000 in the latest week, 8000 higher than estimated. does that say that there are some concerns about the labor market maybe not as tight as it was, but a little bit of an uptick? it is hard to say. >> there's a lot of adjustments that just come off the back of the >>. next week is going to be a big week for jobs. >> rate to have you here with the team. let's go to jobless claims, is that significant in terms of the uptake? >> this one month of readings is not significant but this indicated to me is one of my