When the IEA said recently that the world needs to slash the use of fossil fuels, the folks at OPEC went ballistic.
Last week, Fatih Birol, head of the IEA , had positive things to say how the uptick in renewable energy resources — mostly from the addition of new solar capacity — has made him feel“Despite the scale of the challenges, I feel more optimistic than I felt two years ago. Solar photovoltaic installations and electric vehicle sales are perfectly in line with what we said they should be, to be on track to reach net zero by 2050, and thus stay within 1.5ºC.
“Such narratives only set the global energy system up to fail spectacularly. It would lead to energy chaos on a potentially unprecedented scale, with dire consequences for economies and billions of people across the world,” says OPEC Secretary General, HE Haitham Al Ghais. In recent years, we have seen energy issues climb back to the top of the agenda for populations as many glimpse how experimental net zero policies and targets impact their lives. They have legitimate concerns.
In the interests of contributing to future overall global energy stability, OPEC will continue to cooperate with all relevant stakeholders to foster dialogue, that includes the views of all peoples, so as to ensure inclusive and effective energy transitions moving forward.this week, in which he exposes the campaign of the fossil fuel industries to delay, distract, divide, and deflect.
Investments you have to recover? Bullsh*t. Show us where it is written that investments in failing industries have to be recovered. Go bankrupt. That’s the penalty capitalism imposes on those who make bad business decisions., calculating that worldwide oil demand would need to fall to 77 million barrels per day by 2030 and 24 million barrels per day by 2050 in order for the world to achieve net zero emissions by 2050.
The group reports that Shell has collaborated with Fortnite creators and paid popular gamers on multiple platforms to showcase its “ultimate road trips” promotion, part of a marketing campaign for a new gasoline it calls V-Power Nitro+.
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