In brief
A secret video shows Elnur Soltanov, the COP29 chief executive, discussing fossil fuel investment opportunities, raising concerns over conflicts of interest during the climate talks. His actions have drawn criticism as a breach of COP protocols, with climate experts calling it a serious betrayal of climate goals.
The chief executive of COP29, Elnur Soltanov, has been filmed discussing potential fossil fuel investments amid his role in the upcoming climate change conference in Azerbaijan. The BBC uncovered secret footage of Soltanov talking about "investment opportunities" with a person pretending to be an investor, where he mentioned Azerbaijan's extensive gas resources that could be developed.Former UN climate head criticized Soltanov’s behavior as "unacceptable" and a "betrayal" of the COP process. In addition to leading COP29, Soltanov serves as Azerbaijan's deputy energy minister and is on the board of the national oil and gas company, Socar. Azerbaijan’s economy heavily relies on oil and gas, contributing to over 90% of its exports.As COP29 approaches its opening session in Baku, the BBC reports ongoing scrutiny over the host government following previous claims of misconduct. A representative from the humanitarian group Global Witness approached COP29 officials, posing as the head of a fictitious investment firm seeking sponsorship while expressing interest in Azerbaijan's state energy projects.During a recorded meeting, Soltanov indicated that the conference's mission was to address the climate crisis and transition from hydrocarbons. However, he also remained open to negotiation around fossil fuel deals. He highlighted joint venture possibilities and described natural gas as a necessary transitional fuel, despite scientific consensus that expanding oil and gas production contradicts climate goals established in previous global agreements.The standards set by the UN Framework Convention on Climate Change (UNFCCC) endorse impartiality among COP officials. Soltanov's discussions, suggesting potential deals within the climate process, could signify a serious violation of these expectations. Christiana Figueres, former COP president who oversaw the Paris Agreement, condemned the actions as detrimental and contrary to the foundation of climate negotiations.Emails revealed discussions of a $600,000 sponsorship deal between COP29 and the fake investment group, which included access to COP29 and participation in an event focused on sustainable oil and gas investing. Reports last year hinted at similar plans by the UAE during COP28, where fossil fuel interests were rumored to interfere with the climate agenda. The COP29 team and Socar have yet to respond to requests for comment on these developments.
