Saudi Arabia: Aramco’s profits, the largest ever by a company, should support funding a global transition to renewable energy

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Saudi Arabia: Aramco’s profits, the largest ever by a company, should support funding a global transition to renewable energy

12 Mar 2023

The US$161.1 billion annual profit posted today by the Saudi Arabian state-backed oil company Saudi Aramco, the most ever disclosed by a company in a single year, should be used to fund a human rights-based transition to renewable energy, Amnesty International said. Agnès Callamard, Amnesty International’s Secretary General, said: “It is shocking for a company
climate change trade news saudi arabia business and human rights corporate accountability economic, social and cultural rights exploitation of natural resources
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