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

EUR -
AED 4.185008
AFN 80.924665
ALL 99.067754
AMD 443.726866
ANG 2.05347
AOA 1043.660341
ARS 1327.362706
AUD 1.782921
AWG 2.053709
AZN 1.921763
BAM 1.957866
BBD 2.282088
BDT 138.394792
BGN 1.956168
BHD 0.42947
BIF 3387.659114
BMD 1.139367
BND 1.492568
BOB 7.870234
BRL 6.403128
BSD 1.138992
BTN 97.017928
BWP 15.550337
BYN 3.727516
BYR 22331.593829
BZD 2.287994
CAD 1.57534
CDF 3279.09801
CHF 0.938012
CLF 0.028078
CLP 1077.48777
CNY 8.282632
CNH 8.278943
COP 4781.923434
CRC 575.802418
CUC 1.139367
CUP 30.193226
CVE 110.68926
CZK 24.940752
DJF 202.488525
DKK 7.465406
DOP 67.05201
DZD 150.725714
EGP 57.878253
ERN 17.090505
ETB 150.22568
FJD 2.609723
FKP 0.850715
GBP 0.849398
GEL 3.127596
GGP 0.850715
GHS 17.432267
GIP 0.850715
GMD 81.46634
GNF 9862.361228
GTQ 8.772255
GYD 239.010058
HKD 8.839939
HNL 29.424182
HRK 7.537482
HTG 149.035925
HUF 404.378425
IDR 19047.425327
ILS 4.129237
IMP 0.850715
INR 97.041315
IQD 1492.570812
IRR 47967.35149
ISK 146.101261
JEP 0.850715
JMD 180.430354
JOD 0.808042
JPY 162.014006
KES 147.547106
KGS 99.637293
KHR 4560.885854
KMF 492.491768
KPW 1025.546276
KRW 1630.639109
KWD 0.348897
KYD 0.949193
KZT 582.642131
LAK 24633.115186
LBP 102030.317318
LKR 341.196968
LRD 227.332235
LSL 21.146766
LTL 3.364254
LVL 0.689192
LYD 6.215238
MAD 10.553102
MDL 19.602595
MGA 5138.545081
MKD 61.545103
MMK 2392.42599
MNT 4070.253181
MOP 9.101402
MRU 45.261344
MUR 51.49676
MVR 17.503854
MWK 1977.940873
MXN 22.276915
MYR 4.926652
MZN 72.931156
NAD 21.146828
NGN 1826.621984
NIO 41.813816
NOK 11.817224
NPR 155.229085
NZD 1.918751
OMR 0.438649
PAB 1.138992
PEN 4.177485
PGK 4.592219
PHP 63.884067
PKR 320.218945
PLN 4.269928
PYG 9121.623312
QAR 4.149001
RON 4.978122
RSD 117.322746
RUB 93.427767
RWF 1614.483084
SAR 4.273671
SBD 9.526587
SCR 16.22052
SDG 684.191926
SEK 10.983185
SGD 1.489945
SHP 0.895364
SLE 25.920885
SLL 23891.938478
SOS 651.147047
SRD 41.98545
STD 23582.597191
SVC 9.966427
SYP 14814.005825
SZL 21.146891
THB 38.111872
TJS 12.027984
TMT 3.999178
TND 3.3885
TOP 2.668507
TRY 43.844097
TTD 7.728085
TWD 36.843369
TZS 3064.897432
UAH 47.320423
UGX 4174.367319
USD 1.139367
UYU 47.960177
UZS 14749.10606
VES 98.610064
VND 29629.23967
VUV 138.213183
WST 3.156151
XAF 656.646881
XAG 0.034558
XAU 0.000343
XCD 3.079197
XDR 0.815401
XOF 655.135948
XPF 119.331742
YER 279.201983
ZAR 21.112573
ZMK 10255.67244
ZMW 31.864337
ZWL 366.875719
  • RELX

    0.4300

    53.79

    +0.8%

  • VOD

    0.0100

    9.58

    +0.1%

  • SCS

    0.1500

    10.01

    +1.5%

  • RBGPF

    -0.4500

    63

    -0.71%

  • NGG

    0.1900

    73.04

    +0.26%

  • GSK

    0.9100

    38.97

    +2.34%

  • RYCEF

    0.0700

    10.25

    +0.68%

  • RIO

    0.0100

    60.88

    +0.02%

  • CMSC

    -0.0800

    22.24

    -0.36%

  • BTI

    0.4700

    42.86

    +1.1%

  • BCE

    0.1100

    21.92

    +0.5%

  • BP

    -1.0600

    28.07

    -3.78%

  • CMSD

    -0.1300

    22.35

    -0.58%

  • AZN

    1.7800

    71.71

    +2.48%

  • BCC

    -0.8300

    94.5

    -0.88%

  • JRI

    0.1300

    12.93

    +1.01%

US opposes 'dangerous' anti-fossil fuel policies at global summit
US opposes 'dangerous' anti-fossil fuel policies at global summit / Photo: SAEED KHAN - 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.Vit--TPP