UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change Dr. Sultan Al Jaber and Special Presidential Coordinator Amos Hochstein signed the Partnership on behalf of the UAE and the US.

The selected projects, led by universities, national laboratories, and the private sector aim to develop commercially scalable technologies that will enable greater domestic supplies of copper, nickel, lithium, cobalt, rare earth elements, and other critical elements.

Saudi Arabia previously signed in February 2019 several memorandums of understanding for an investment of US$21bn in various sectors of the Pakistani economy, including for the project of a deep conversion refinery and petrochemical complex with an investment of US$12bn.

The Darlington New Nuclear Project will be a 300 MWe small modular reactor (SMR), which is to be built next to OPG's existing Darlington nuclear power plant in Clarington, Ontario.

Qatar is carrying out another expansion plan, North Field East, which will cost almost $30 billion and is set to send out its first shipments in 2026. Some supply agreements have already been finalized for that project, Kaabi said.

The U.S. Department of Energy (DOE) began accepting letters of interest from applicants for loans under a new $2.1 billion Carbon Dioxide Transportation Infrastructure Finance and Innovation (CIFIA) program.

The European Commission has approved state aid worth €5.2bn for a second wave of hydrogen related Important Projects of Common European Interest (IPCEI), helping to reduce dependence on natural gas and accelerate the hydrogen economy.

The GBP3.3 million funding through the Advanced Modular Reactor Research, Development and Demonstration (AMR RD&D) programme - part of the GBP385 million Advanced Nuclear Fund - will support the development of innovative nuclear technology in the UK, such as high temperature gas reactors (HTGRs).

The growing emphasis on ESG is a key component in the upstream oil and gas industry.

This is part of the GBP1.7 billion of new direct government funding to develop a large-scale nuclear project announced in October.