The Fort Worth Press - US opposes 'dangerous' anti-fossil fuel policies at global summit

USD -
AED 3.673042
AFN 65.000368
ALL 81.855041
AMD 360.540403
ANG 1.790403
AOA 918.000367
ARS 1546.131265
AUD 1.476887
AWG 1.8
AZN 1.70397
BAM 1.769883
BBD 2.014669
BDT 124.411223
BGN 1.77347
BHD 0.37715
BIF 3005
BMD 1
BND 1.287984
BOB 11.678099
BRL 5.666304
BSD 1.000231
BTN 94.214794
BWP 13.981141
BYN 2.99667
BYR 19600
BZD 2.011773
CAD 1.42715
CDF 2315.000362
CHF 0.838719
CLF 0.025287
CLP 995.220396
CNY 6.67175
CNH 6.67522
COP 3319.97
CRC 448.217041
CUC 1
CUP 24.005936
CVE 100.150394
CZK 22.139304
DJF 177.720393
DKK 6.782304
DOP 60.703884
DZD 137.227489
EGP 53.502064
ERN 15
ETB 161.050392
EUR 0.90715
FJD 2.25325
FKP 0.756884
GBP 0.75683
GEL 2.590391
GGP 0.756884
GHS 11.72504
GIP 0.756884
GMD 74.000355
GNF 8857.503848
GTQ 7.646644
GYD 209.264655
HKD 7.84565
HNL 26.950388
HRK 6.831965
HTG 131.169348
HUF 331.003504
IDR 18235.4
ILS 3.216704
IMP 0.756884
INR 94.25795
IQD 1514
IRR 1913737.503816
ISK 123.930386
JEP 0.756884
JMD 158.047862
JOD 0.70904
JPY 159.72504
KES 130.050385
KGS 87.435504
KHR 4080.00035
KMF 447.00035
KPW 900.00035
KRW 1336.565039
KWD 0.31147
KYD 0.833529
KZT 445.849094
LAK 22530.000349
LBP 89550.000349
LKR 332.687818
LRD 170.000348
LSL 16.930381
LTL 2.95274
LVL 0.60489
LYD 6.445039
MAD 9.961704
MDL 18.169149
MGA 4590.000347
MKD 55.830725
MMK 2099.848767
MNT 3604.365716
MOP 8.083632
MRU 40.603743
MUR 47.620378
MVR 15.403739
MWK 1736.000345
MXN 18.536504
MYR 4.086104
MZN 63.903729
NAD 16.930377
NGN 1343.570377
NIO 36.803722
NOK 9.57248
NPR 150.739077
NZD 1.809628
OMR 0.385141
PAB 1.000231
PEN 3.403039
PGK 4.511504
PHP 63.960375
PKR 276.603701
PLN 3.996535
PYG 6207.891986
QAR 3.64425
RON 4.851904
RSD 106.559038
RUB 82.829047
RWF 1476
SAR 3.77446
SBD 8.097697
SCR 13.945304
SDG 601.503676
SEK 10.075038
SGD 1.287204
SHP 0.752984
SLE 23.050371
SLL 20969.503664
SOS 572.503662
SRD 37.49037
STD 20697.981008
STN 22.2
SVC 8.752585
SYP 13002.000337
SZL 16.930369
THB 33.875038
TJS 9.227282
TMT 3.5
TND 3.008504
TOP 2.40776
TRY 50.342104
TTD 6.789769
TWD 32.891404
TZS 2648.920367
UAH 45.477786
UGX 4131.053487
UYU 40.541335
UZS 12039.000334
VES 912.87925
VND 25725.5
VUV 120.638016
WST 2.81058
XAF 595.051667
XAG 0.020459
XAU 0.00025782798
XCD 2.70255
XCG 1.802699
XDR 0.707052
XOF 595.051667
XPF 108.325037
YER 236.550363
ZAR 16.976255
ZMK 9001.203584
ZMW 20.450473
ZWL 321.999592
SSP 5946.454122
MXV 2.081672
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

US opposes 'dangerous' anti-fossil fuel policies at global summit
US opposes 'dangerous' anti-fossil fuel policies at global summit / Photo: © AFP

US opposes 'dangerous' anti-fossil fuel policies at global summit

An international summit on the future of energy security opened in London on Thursday with stark opposition from Washington, which called policies to phase out fossil fuels "harmful and dangerous".

Text size:

Profound differences emerged at the two-day International Energy Agency (IEA) meeting over the role of renewables in satisfying the world's thirst for energy.

The meeting takes place amid global economic turmoil sparked by wars in Ukraine and the Middle East, and uncertainty surrounding US President Donald Trump's tariffs.

"Some want to regulate every form of energy besides the so-called renewables, completely out of existence... We oppose these harmful and dangerous policies. This is not energy security," Tommy Joyce, US Acting Assistant Secretary of Energy for International Affairs, told the conference.

That contrasted to a more moderate message from IEA executive director Fatih Birol in opening remarks at the summit, co-hosted by the UK.

"Every economy has its own pathway for energy. We should understand and respect it," he said.

He added also that "oil and gas are key parts of our energy mix, and they will remain as part of the energy mix in years to come."

Birol's comments depart from the IEA's own forecast in 2023 that fossil fuel demand would peak before 2030.

Meanwhile, British Energy Secretary Ed Miliband welcomed "low carbon energy" as playing "a critical role in delivering energy security."

"As long as energy can be weaponised against us, our countries and our citizens are vulnerable and exposed," he added.

Several energy ministers from European countries attended the gathering, including 120 senior government officials, business leaders, and experts.

The United States is only represented by acting deputy secretaries of state, while China, Saudi Arabia and Russia are skipping the event altogether.

European Commission President Ursula von der Leyen was set to later detail Europe's efforts to promote affordable and sustainable energy.

- Renewable energy disagreements -

The Organization of the Petroleum Exporting Countries (OPEC) has welcomed the meeting.

"The overall theme is one that OPEC supports. It is positive to see the IEA refocusing on energy security after veering away from this fundamental goal," the group said on Wednesday.

"Many net zero policies have endorsed unrealistic timelines or had little regard for energy security, affordability or feasibility," said OPEC, which has previously described the phasing out of fossil fuels as a "fantasy".

OPEC, whose membership is dominated by oil-producing Gulf states, believes that energy security must be achieved by adding renewable energy sources to existing fossil fuels, not by replacing them.

European countries believe, however, that nuclear energy and renewables are the best way to avoid dependence on imported oil and gas, the prices of which have been increasingly volatile since Russia's 2022 invasion of Ukraine.

In the United States, Trump has repeatedly stated that he wants to lower energy prices with a "drill baby drill" approach in oil and gas fields, while limiting the development of wind power projects.

The French Energy Ministry noted that the mission of the IEA, which was established in 1974 in response to the first oil crisis, remains "to promote the energy transition as a tool for energy sovereignty."

It said "there is no stated American agenda for this meeting, and no European concern about a deviation from the agenda."

But according to a source at a major European energy company, the IEA and Birol have moderated their rhetoric toward renewables in recent months.

The idea is to "avoid antagonising the Trump administration and to calm things down a little with OPEC", this source said, speaking on condition of anonymity.

F.Garcia--TFWP