West reaping consequences of “demonising oil and gas companies” says Qatari minister

Spread the love

Equating climate obsessions to facts is getting the offending governments into no end of economic trouble, which may well get even worse if current energy policies aren’t revised. They shouldn’t need to be told by visiting politicians that the wind and sun aren’t reliable energy sources.
– – –
Qatar is willing to help the UK with its cost of living crisis, the country’s energy minister has said – but he also criticised western countries who spent years “demonising oil and gas companies”, says Sky News.

In an exclusive interview, Saad Sherida Al-Kaabi said that years of pushing for a rapid end to fossil fuel production and calling producers the “bad guys” had contributed to the current crisis.

He told Sky News that the root causes of the recent increase in gas and energy prices in Europe and beyond could be traced back many years before the Russian invasion of Ukraine.

“It’s definitely a deeper issue,” he said – pointing out that investment in gas production had fallen steadily in recent years, as Europe pushed to eliminate carbon emissions sooner in an effort to combat climate change.

“There was a build up of countries pushing for the [energy] transition in a hard way. [They pushed for] net-zero, moving to renewables, doing away with fossil fuels and demonising the oil and gas companies, [calling them] the bad guys. And [as a result] you don’t have enough investment in the oil and gas sector.”

The comments came as a Qatari delegation, led by the country’s leader, the Emir, met with Boris Johnson to announce a “Strategic Investment Partnership” under which Qatar will invest up to £10bn across the UK.

However, with energy regulator Ofgem signalling that the price cap will rise to £2,800 this winter – the highest level on record – there is little instant remedy for the wholesale gas prices being faced by the UK.

Full article here.

via Tallbloke’s Talkshop

https://ift.tt/ls7ujSk

May 24, 2022