Saudi oil giant spends over $1bn on ‘sportswashing’ deals ...Kuwait

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Saudi oil giant spends over $1bn on ‘sportswashing’ deals
Saudi state oil company Aramco is spending almost $1.3 billion to sponsor global sporting events, a report by the New Weather Institute has said. The UK-based think tank found that Aramco was the biggest single investor in sports sponsorship, with an estimated $757.6 million invested in football, $495.7 million in motorsport, $56 million in cricket, and $35.9 million in golf. Aramco is currently the world’s most profitable company, raking in $231 billion for 2023. The oil giant is one of the world’s largest emitters of corporate greenhouse gases, estimated to be responsible for over 5 per cent of global emissions from 2016 – 2022. Saudi Arabia has been accused of ‘sp

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