ADNOC contributes Dh1m to Masdar Institute's YFEL 2013 Program for 3rd successive year

Abu Dhabi, Jan 15, 2013 (WAM) -In line with its continuing commitment to social responsibility, the Abu Dhabi National Oil Company (ADNOC) has contributed Dh1 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. 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. - Emirates News Agency, WAM