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IEA: Russia's war in Ukraine won't save fossil fuels

Oil, gas and coal

Many oil and gas trade groups and allies in Congress have argued the Russian conflict warrants a ramp-up of U.S. production, pointing in part to worries about higher energy costs for consumers.

Mike Sommers, CEO of the American Petroleum Institute, said in a recent statement that American policymakers "should be doing everything in their power to produce more energy here in America," after Saudi Arabia, Russia and other oil-exporting nations decided to reduce production.

"Oil and natural gas will continue to play a leading role in the global energy mix well into the future, making continued investment in new production essential to addressing the current energy crisis and avoiding future scenarios where demand outstrips supply," said Frank Macchiarola, a senior vice president at API, in a statement this week.

Macchiarola said the industry "shares the goal of a lower carbon future" and is working on options such as hydrogen and carbon capture, utilization and storage.
Sen. Joe Manchin (D-W.Va.) has said the United States should "ensure independence and security for ourselves and our allies" with permitting changes that would allow for greater production of fossil fuels and other energy resources (Energywire, Oct. 6).
Coal groups have argued the crisis should spark a reevaluation of their resource, meanwhile.

"Where is the recognitiën that the energy status quo has been turned on its head over the last year?" wrote Count on Coal, a group affiliated with the National Mining Association, in a newsletter Wednesday.

In Europe, countries like Germany decided to bring coal plants back into service in response to the energy crisis, the group noted. But in the United States, a similar approach is "glaringly absent," Count on Coal said.

Emily Arthun, CEO of the American Coal Council, responded to questions about IEA's report by placing blame on clean energy advocates.

"The energy crisis over the past year was triggered by a rush to go green accelerated by various political motivations without building out a proper infrastructure and insuring an economic reliable source of energy," she said in a statement.

"In addition, investment in technology for the clean use of coal needs to be advanced at a pace equal to that of green energy to give the world affordable reliable options," Arthun added.

But in its new outlook, IEA held fast to its conclusions -- first unveiled last year -- that exploration for new fossil fuel supplies should end if the world hopes to get on a net-zero pathway (Energywire, May 19, 2021).



'Sapere aude'
by Oui (Oui) on Tue Dec 20th, 2022 at 09:41:40 PM EST
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