Energy company executives at a conference on the global transition insisted on Tuesday that fossil fuels, especially natural gas, are still needed at a time when global markets grapple with tight energy supplies and skyrocketing prices.
Oil and gas supplies have becomeconstricted in many countries since Russia invaded Ukraine on Feb. 24, prompting sanctions on Russia's energy. Governments worldwide have shifted their focus from sustainability and the energy transition to deep concerns about a global supply crunch and demands for more oil and gas.
In recent years, governments worldwide have encouraged investment in renewable fuels to achieve pledged reductions in carbon emissions. Oil and gas companies reined in exploration and production as investors pressed them to devote more capital to share buybacks and dividends.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Do We Double-Down On Fossil Fuels Or Hasten The Move To Green Energy?High energy prices are putting pressure on policymakers to produce more fossil fuels. But should their resources be channeled into green energies?
Read more »
US producer prices soar 10.8% in May as energy costs spikeU.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing.
Read more »
Saving energy, monkeypox’s march — the week in infographicsNature highlights three key graphics from the week in science and research.
Read more »
Larry Kudlow: Biden shouldn't be blaming Putin about energyFOX Business host Larry Kudlow calls out President Joe Biden over his energy policies, while Americans experience increasingly high gas prices on 'Kudlow.'
Read more »
NREL Helps Develop Colombia’s Next Generation of Renewable Energy LeadersNREL Helps Develop Colombia’s Next Generation of Renewable Energy Leaders, Laboratory Is Building up Young Energy Leaders
Read more »
Dallas County, Reliant Energy opening 'cooling centers' - KRLD News - Omny.fm
Read more »