It is a similar story in Saudi Arabia and many Arab countries. The oil and gas is nationally owned, and the revenues are being used to finance a massive welfare state as well as the transition away from fossil fuels.

[–] CohortCzort@lemmygrad.ml 1 points 1 year ago (5 children)

I think saudi Arabia moving away from fossil fuels isnt really true considering their (ODSP) is a plan to hook the 3rd world on said fossil fuels.

[–] PanArab@lemmy.ml 4 points 1 year ago (4 children)

Developing countries need cheap energy

[–] wowbagger_@lemm.ee 1 points 1 year ago (1 children)

So, solar and wind? Both cheaper than fossil fuels at this point.

[–] PanArab@lemmy.ml 1 points 1 year ago

Then no one will buy the oil Saudi Arabia is selling if that's true

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