Gulf Countries Are Rushing To Unload Non-Essential Oil Assets

For decades, evidence has been piling up which proves mankind’s influence on climate change. Although the global economy remains largely driven by fossil fuels, the energy transition has gained traction in recent years. The changing tide can also be seen in countries that are heavily invested and dependent on the fossil fuel industry.

This includes the hydrocarbon-rich Arab states of the Middle East that are gradually taking into account a carbon-free future. These states seem to realize that they won’t be able to depend on their oil…