Sponsor Microsoft in partnership with Egypt’s big oil campaign to ‘increase’ fossil fuel investment

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Documents reveal Microsoft is working with the Egyptian government at use COP27 to maximize the exploitation of fossil fuels – and The owns the Daily Mail help them

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Despite hosting the UN climate summit COP27, the Egyptian government is simultaneously partnering with the world’s biggest fossil fuel polluters in a bid to accelerate massive increases in oil and gas investment in the Middle East. , in North Africa and the Mediterranean, according to documents consulted by Signing time reveal exclusively.

And it does so with the backing of renowned tech giant Microsoft, as well as help from the conglomerate behind the UK climate Daily Mail newspaper.

Promotional materials prepared for the upcoming Egyptian Petroleum Fair ‘EGYPS’ to be held February 13-15, 2023 – just two months after the UN climate summit – show that Egypt and its fossil fuel partners are using the summit as a mechanism to dramatically increase investment in oil and gas, rather than committing to clean energy.

Companies involved include the world’s biggest oil and gas polluters such as ExxonMobil, Chevron, BP and Total, which have also been implicated in funding climate science denial.

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The documents seen by Signing time confirm that although acting as a “Strategic Technology Partner and Presenting Sponsor” of COP27, Microsoft is concurrently sponsoring the EGYPS Oil & Gas Conference.

EGYPS is an Egyptian “government supported” global energy conference hosted annually by Egypt, well known in industry circles due to its lucrative opportunities for behind closed doors regional trading.

The documents also show how the EGYPS summit is managed and organized by ‘dmg events’, a wholly owned subsidiary of the Daily Mail and General Trust plc. (DMGT), whose managing director and majority shareholder is Lord Rothermere.

DMGT is, of course, the billion-pound media conglomerate that owns the Daily Mail, the British tabloid was rated one out of five by Microsoft’s web browser feature designed to combat fake news. Lord Rothermere was described by the Press newspaper as the most powerful man in British media.

An event brochure for the conference seen by Signing time describes it as “the largest oil, gas and energy exhibition in Egypt, North Africa and the Mediterranean, organized under the patronage of His Excellency Abdel Fattah El Sisi, President of the Republic Arabic from Egypt. The leaflet continues:

“EGYPS 2023 takes place right after COP27 in Sharm el-Sheikh, providing a crucial opportunity for the oil, gas and energy industry to discuss the results and outline strategies to turn net zero commitments into deliverable actions”.

It goes on to promise “direct access to key stakeholders involved in the region’s upcoming projects investing over $1 billion in the oil and natural gas sector in the Western Desert region of Egypt,” as well as the ability for oil and gas companies to “showcase products and services” while boosting their corporate image.

“Explore the outcomes of the COP27 meeting in Egypt as EGYPS lays the groundwork for critical discussions on the industry’s ongoing transition and recovery,” the brochure enthuses.


Shilling for fossil fuels

The entire premise of EGYPS, documents around the conference reveal, is that increased fossil fuel investment, production and consumption is fully compatible with net zero commitments and a secure climate – contrary to continuous warnings climatologists.

“EGYPS is driving conversations about sustainable, climate-friendly oil and gas production and growing commitment to energy transition and a net-zero future,” the event brochure claims.

But earlier this year, a landmark United Nations report summarizing the findings of the global scientific community and endorsed by the world’s governments – compiled by the United Nations’ Intergovernmental Panel on Climate Change (IPCC) – has concluded that existing and currently planned fossil fuel projects will provide dangerous global security. heater.

“As players in the global energy system prepare to meet growing energy demand, with global investment in oil and gas expected to increase by $26 billion this year, the landscape of next-generation energy solutions is set to grow. radically transform,” the EGYPS brochure said:

“The convergence of new energy investments, growing attention to digitalization and sustainability, and accelerating growth in hydrocarbon exploration and production have paved the way for new business opportunities for the world. offshore and maritime industry in the Gulf, North Africa and the Mediterranean”.

There is no evidence that the EGYPS conference’s focus on achieving such accelerated fossil fuel growth is remotely “sustainable”.


Controlled by Big Oil

The promotional document further reveals that the executive committee of the conference, chaired by Egyptian Oil Minister Tarek El Molla, includes representatives of the world’s biggest fossil fuel polluters.

On the EGYPS conference committee, Kristian Svendson, Chevron country manager for Egypt; the Egyptian president of ExxonMobil, Amr Abou Eita; Karim Alaa, BP Regional President for North Africa; the national president of Total Energies, Thomas Strauss; Mattia Campanati, CEO of Eni; and Baker Hughes Managing Director for Egypt and Sudan, Tameer Nasser; among many other oil and gas representatives.

The brochure confirms that the organizer of the event is ‘dmg events’, an international exhibition and publishing company headquartered in Dubai, United Arab Emirates, controlled by the owner of the Daily MailLord Rothermère.

A separate sponsorship document for the upcoming event seen by Signing time reveals that it is funded by a wide range of national and international fossil fuel companies, including UK companies Capricorn Energy and Energean.

Its diamond sponsors include BP and French multinational Total, meaning they provided $130,000 for the event; gold sponsors who provided $80,000 include US oil giant ExxonMobil and Malaysian company Petronas; and among its bronze sponsors providing $40,000 are Texas-based Halliburton and Baker Hughes. Microsoft is also a bronze sponsor of EGYPS.

Some 636 fossil fuel lobbyists attended the climate conference in Egypt, a 25% increase from COP26 the previous year. Signing time revealed how the British-hosted summit was influenced by the UK’s longstanding partnership with ExxonMobil and other oil and gas majors.

How ExxonMobil Captured COP26

Nafeez Ahmed

Microsoft’s involvement in supporting the Egypt Petroleum Show while simultaneously sponsoring COP27 comes as no surprise given the tech giant’s track record of working with oil and gas giants. While touting its commitment to net zero, Microsoft has continued to help fossil fuel companies increase oil and gas production by applying digital innovations like cloud computing and AI. Microsoft declined to comment.

An ExxonMobil spokesperson said Signing time“We can do both – increase production and reduce emissions… ExxonMobil aims to achieve net zero emissions from its operated assets by 2050 and is taking an approach centered on developing detailed reduction roadmaps emissions for key operated assets… Over the next six years, we plan to invest more than $15 billion in initiatives to reduce greenhouse gas emissions, with a significant portion going towards the scaling up the capture and storage of carbon, hydrogen and biofuels.

Unfortunately, there remains little evidence that carbon capture and storage (CCUS) is commercially viable. New research suggests that a speculative best-case scenario sees CCUS becoming feasible only around 2050 – far too late to avoid catastrophic climate change. Hydrogen produced from fossil fuels generates even more carbon emissions than diesel, gas and coal. Similarly, biofuels actually increase emissions rather than reduce them.

ExxonMobil reported record net profit of $20 billion in its third quarter alone.

The Egyptian government, “dmg events” and DMGT Plc have been contacted for comment.

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