exposure, that the effects of climate change have the
potential to put some of our assets at risk over the
long term. For this reason, we have a vested interest
in the long term success of renewable energy and the
environmental sector. We operate in all of the various
facets of the sector, from wind, solar and geothermal
to waste, water and clean air projects. We can provide
project finance and sophisticated investment banking
services, all tailor-m ade specifically for the sector.
We are familiar with the cleantech space and can
therefore work well with clients in helping them
to achieve their objectives. We are operating from
a strong base. We appreciate and recognise the
interplay of policy and finance. That is a crucial area
when it comes to renewable energy.”
ADNOC
Across from the Masdar stand was that of ADNOC,
the Abu Dhabi National Oil Company and its
Group of Companies. ADNOC is the engine of
wealth for the entire economy of Abu Dhabi and
as such, can probably be cited as the single most
important commercial organisation in the Emirate.
CEO Financial spoke to ADNOC Spokesperson Mr.
Mohamed Al Shamma, ADMA-OPCO (Abu Dhabi
Marine Operating Co.) Public Relations Manager
about the event and how important it is to the
Emirate.
“The eyes of the world are on Abu Dhabi. This is
a very important summit. After the failed attempt
to achieve global consensus on carbon emissions in
Copenhagen last year, there is a lot of frustration.
The World Future Energy Summit gives us an
opportunity to find solutions by working together
to counteract that disappointment. We are all
here to work in collaboration to come up with
recommendations as to how we can move forward in
unison.” muses Shamma.
“Obviously, we are fundamentally an oil company, but
despite that, ADNOC is making considerable inroads
into sustainability. In late 2009, all of the general
managers of the 15 ADNOC companies signed an
agreement to maximise sustainability at all possible
points in their respective companies’ processes. This
runs the gamut of everything from minimising the
consumption of energy in the production processes
to maintenance of systems with a view to increasing
their longevity, all the way to issues such as the
minimisation of flares, an area in which we have
achieved considerable success.”
“As nationals, we know that we are very fortunate to be
from Abu Dhabi. The vision of the late Sheikh Zayed
is planted in our hearts and minds, and that vision is
being vigorously implemented by Sheikh Khalifa bin
Zayed Al Nahyan and Sheikh Mohammed bin Zayed
Al Nahyan. This summit shows that Abu Dhabi is
serious about leading the world in the next generation
of energy production and it is a testament to the
mature leadership of the Emirate.”
The Summit was closed by keynote speakers, Olafur
Ragnar Grimsson, the President of Iceland and
H.S.H. Prince Albert II, Sovereign Prince of Monaco.
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