Why the Gulf’s oil powers are betting on clean energy

THE UNITED ARAB EMIRATES sits on a rich fossil bounty. ADNOC, the national oil company, is one of the world’s top hydrocarbon producers. Two months ago the uae hosted some 140,000 delegates at the planet’s largest oil-and-gas jamboree. Against the backdrop of the worst energy crisis in decades, you might have expected much gloating about how the Persian Gulf’s carbon-spewing exports helped avert a bigger shock. That made the keynote…