About
Petrostates
For a long time there’s been a call amongst some climate advocates in the U.S. for the government to nationalize oil in order to manage the transition away from fossil fuels. The counter-argument is usually to point at countries like Venezuela, Russia, Saudi Arabia, or the United Arab Emirates, all of which have only doubled down on fossil fuel development since nationalizing their industries. With that in mind, we began in 2023 to dig into this question and get a feel for how petrostates operate, starting with the host of this year’s Conference of the Parties (COP28), the United Arab Emirates.
Our partners on much of this first phase of petrostate reporting are the Centre for Climate Reporting in the U.K.