Highlighted Article: IEA’s Net Zero: Private to Socialist Investment (OPEC, Russia gift?)

From: Master Resource

By: Robert Bradley Jr.

Date: November 11, 2021

IEA’s Net Zero: Private to Socialist Investment (OPEC, Russia gift?)

Introduction by Lucian Pugliaresi, President, Energy Policy Research Foundation, Inc.

"In May of this year, Fatih Birol, speaking as head of the International Energy Agency, stated publicly that “The pathway to net zero is narrow but still achievable. If we want to reach net zero by 2050 we do not need any more investments in new oil, gas, and coal projects.” Mr. Birol’s comments notwithstanding, large parts of the world continue to rely upon a wide range of petroleum products to sustain and improve their living standards.

If such a strategy is pursued without a commensurate reduction in demand, it would inevitably lead to rapidly rising prices for fossil fuels, diminished living standards, and even potential shortages. It would also lead to serious concerns about the energy security of the member states of the IEA, which Mr. Birol heads. Oddly enough, the central mission of his organization is to promote the energy security of the developed world." ...

IEA’s Net Zero: Private to Socialist Investment (OPEC, Russia gift?)