Saudi Arabia plans 100% dependence on renewable energy
- Saudi Arabia: Sunday, October 21 - 2012 at 02:36
Prince Turki Al-Faisal, chairman of the King Faisal Centre for Research and Islamic Studies has aid the world's biggest oil producer is planning to become 100% powered by renewable and low-carbon forms of energy, the Guardian has reported. "Oil is more precious for us underground than as a fuel source," said Prince Turki, noting the process is likely to take decades. "If we can get to the point where we can replace fossil fuels and use oil to produce other products that are useful, that would be very good for the world. I wish that may be in my lifetime, but I don't think it will be." Currently, Saudi Arabia's energy use is almost entirely from fossil fuels, with about two-thirds coming from oil and the remainder from gas.
- Burj Al Arab introduces 24-carat gold iPads
- Qatar awards Impregilo-led consortium $2.2bn...
- Air Arabia secures $350 loan
- BBM coming to iPhone and Android this summer
- Omantel launches Samsung Galaxy S4 LTE smartphone
- World's highest observation decks
- Blackberry's BBM to become available on...
- TAKAUD aims to diversify personal savings and...
- PepsiCo-Jordan receives Pepsi-Cola...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.