Saudi Aramco

InfluenceMap Score
D-
Performance Band
45%
Organisation Score
40%
Relationship Score
Sector:
Energy
Head​quarters:
Dhahran, Saudi Arabia
Official Web Site:
Wikipedia:

Climate Lobbying Overview: Saudi Aramco appears to have negative, engagement with climate change policy, although with limited engagement on specific items of regulation. Although the company has supported Saudi Arabia’s participation in the Paris Agreement, it does not appear to fully support the energy transition and has advocated for the continued role of fossil fuels in the future energy mix.

Top-line Messaging on Climate Policy: Saudi Aramco appears to show mixed top-line messaging on climate policy. In its 2020 Annual Report, published in 2021, the company stated support for keeping temperature increase below 2°C above pre-industrial levels and supported the objectives of the Paris Agreement. However, in 2021, its corporate website also appeared to emphasize the threat of energy security and demand in responding to climate change, thereby appearing to support a less urgent approach. In a June 2020 CNN article, Saudi Aramco repeated this stance, highlighting the need to meet the world's growing energy demand, stating climate change solutions must take into account the need to maintain affordable energy supplies. In a joint letter from the OGC Initiative in May 2020, where CEO Amin Nasser is a signatory, it called for ‘efficient’ policies that accelerate the energy transition without adding clarification on what policies this includes.

Engagement with Climate-Related Regulations: Saudi Aramco appears to have limited transparent engagement with specific items of climate regulation and legislation. The company does not appear to directly disclose its positions towards, or engagement with, any climate-related policy in its corporate reporting.

Positioning on Energy Transition: Saudi Aramco appears to support the continued role of fossil fuels in the future energy mix, particularly fossil gas. In its 2020 Annual Report, published in 2021, the company stated that it “believes the transition to a lower carbon system will continue to require hydrocarbon based resources for many years”. In a speech at the 2021 World Petroleum Council Congress, CEO Amin H. Nasser stated that the current energy transition strategy is ‘deeply flawed’ and ‘unrealistic’, suggesting that economic development, affordability and energy security should receive more attention and that the decarbonization of oil and gas should be the focus rather than abandoning fossil fuels entirely. Similarly, in an interview with Sky News in October 2021, Nasser stated hydrocarbon fuels should not be ‘demonized’ and will be part of the energy mix for decades to come, although with reduced emissions.

Saudi Aramco also does also appear to not support the decarbonization of road transport, stating on its corporate website in 2022 that ‘well into the future the vast majority of cars on the road will be powered by internal combustion engines (ICE)’. In 2020, Saudi Aramco wrote a sponsored article in the Financial Times, in which it promoted the climate benefits of ICE engines compared to electric vehicles and called for the technology not to be regulated. It suggested that the CO2 emissions should be regulated instead and that heavy regulation in the EU means that all EV’s will go to western markets, and the rest of the world will keep ICE vehicles. Industry Association Governance: Saudi Aramco lacks a clearly identifiable disclosure of memberships held with industry associations and has not published an industry association review. Nevertheless, a subsidiary of Saudi Aramco (Motiva Enterprises) is a member of American Fuel and Petrochemical Manufacturers (AFPM) as well as the American Petroleum Institute (API). Both of these industry associations have lobbied negatively on climate-related regulations and the energy transition.

Additional Note: Saudi Aramco is headquartered in Saudi Arabia, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of Saudi Aramco's climate policy engagement activities, these scores should be considered provisional at this time.

In addition, Saudi Aramco is a listed company with more than 50% of its shares owned by the government of Saudi Arabia. State-owned enterprises likely retain channels of direct and private engagement with government officials that InfluenceMap is unable to assess, and therefore are not represented in Saudi Aramco's engagement intensity metric.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
21%
 
21%
 
47%
 
47%
 
58%
 
58%
 
24%
 
24%
 
57%
 
57%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.