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Why part-privatizing state oil company Aramco is a bad idea for the Saudi economy and for the global climate

Not long into the New Year and already a new warning about climate change and rising sea levels.

It is increasingly being seen as America’s worst environmental disaster since BP's Deepwater Horizon blowout in 2010 and has led to thousands of people being evicted from their homes.

It is not a Happy New Year for Big Oil, as the industry faces another daunting year of low oil prices, which could have a catastrophic impact on the US shale industry, amongst others.

Veteran anti-oil campaigners were gifted an early Christmas present at the end of last week when a Dutch appeal court ruled that four farmers could sue Shell in the Netherlands for compensation caused by oil pollution on their land in Nigeria.

As the British Parliament winds down for the festive Christmas season, the Government has been accused of trying to "bury bad news" and hide a raft of unpopular policies, some of which have a huge impact on its commitments to climate change.

In which we demonstrate that dismissing the climate impact of lifting the crude oil export ban is wrong.

When he concluded his speech at the start of the recent UN climate change summit in Paris, the British Prime Minister, David Cameron said: “Instead of making excuses tomorrow to our children and grandchildren, we should be taking action against climate change today.”