An investigation by Global Witness reveals that the UAE’s state-owned oil company, ADNOC, sought nearly $100 billion worth of oil, gas, and petrochemical deals during the COP28 climate summit in Dubai. The report alleges that ADNOC leveraged its prestige as COP host to pursue these deals, including a joint venture with BP and bids for stakes in Braskem and Petrobras. Global Witness warns that this could set a dangerous precedent for future COPs, with the incoming host, Azerbaijan, potentially seeking to emulate UAE’s approach.