ADNOC contributes AED1m to Masdar Institute's YFEL 2013 Program for 3rd successive year
ABU DHABI: In line with its continuing commitment to social responsibility, the Abu Dhabi National Oil Company (ADNOC) has contributed AED1 million for the third consecutive year to the Young Future Energy Leaders (YFEL) program, an outreach initiative of Masdar Institute of Science and Technology, a research-driven graduate-level university focused on advanced energy and sustainable technologies.
ADNOC, which has remained a platinum sponsor for the past two years, also becomes a key supporter of the YFEL program during 2013 with this contribution. An agreement was signed by officials from ADNOC and Masdar Institute at a ceremony held at the Masdar Institute campus recently.
ADNOC already supports and contributes initiatives launched by other local entities in the Emirate of Abu Dhabi and across the UAE to encourage more youth towards innovation and excellence on future energy and sustainable development. The support to YFEL reflects ADNOC's intent to encourage the spirit of competition among the talented youth and guide them towards excellence.
Mohammed S. Al Qubaisi, ADNOC Human Resources Director, said: "As a leading contributor to the UAE's economic growth and welfare of the world community, ADNOC is keen to encourage youth, the leaders of tomorrow. YFEL provides today's youth with a unique space to innovate ideas, compete constructively, collectively present solutions, life-style habits and way of thinking.
"Today's youth will be tomorrow's leaders. However, the kind of challenges along the fast-pace development in technology and telecommunications make the present day youth different in terms of the kind of leaders they can become for a cleaner and more sustainable planet. YFEL is the place for such youth. We are always eager to join hands with leading Abu Dhabi-based companies on sustainable development to position the UAE on the global stage." Al Qubaisi also added that the YFEL program further strengthens the status of the annual World Future Energy Summit (WFES) on the world stage, not just as a forum for today's leaders to meet and discuss, but today's youth to innovate and develop into capable leaders to deliver a more eco-friendly tomorrow. As a result, this will make a substantial difference in the lives of students and young professionals, he pointed out.
Dr. Fred Moavenzadeh, President, Masdar Institute, said: "YFEL's commitment to develop future leaders in advanced energy and sustainability is the key to its success. The program is qualitatively and quantitatively developing and progressing with the support of government organizations and private individuals.
"We are grateful to ADNOC for their continued support that helps us to motivate talented youngsters to excel in future energy and advanced technologies. With the support of the country's leadership, YFEL members will steadily raise their profiles at international forums and we hope ADNOC's gesture will open more opportunities for youth to gain knowledge." As a major player in the global oil '&' gas industry, ADNOC considers believes in social responsibility is key to sustainable development. In 2009, ADNOC launched the �The ADNOC Sustainability Performance Initiative' to assure a homogeneous balance between the community's needs and earth's resources. A �Sustainable Development' category has been added to the list of categories of excellence in the ADNOC HSE Awards. ADNOC also joined the Abu Dhabi Sustainability Group (Estidama), becoming an active member with Mubadala of which Masdar is a subsidiary, and contributing to the efforts of other leading Abu Dhabi-based companies' on sustainable development.
Currently, YFEL 2012 program has a total of 167 students and young professionals, including 103 UAE nationals. Among them 122 are from UAE universities and 20 from international universities. There are also 25 young professionals.
In addition to an annual calendar of dedicated activities and courses, YFEL offers participants exceptional and unmatched access to top global leaders, senior business executives and academics in alternative energy and sustainability. Field visits and special lectures by globally renowned clean energy experts help YFEL members to further their widen knowledge.
YFEL offers participants exceptional and unmatched access to top global leaders, senior business executives and academics engaged in alternative energy and sustainability through events such as World Future Energy Summit (WFES) in Abu Dhabi and other major events held globally. It is mandated to educate, inspire and empower students and young professionals to become future leaders capable of solving the world's most pressing challenges in advanced energy and sustainability.