World Courant
The article continues beneath the commercial
Equinor will host its annual autumn convention in Oslo on Tuesday. The pinnacle of the Worldwide Vitality Company, Fatih Birol, is as standard one of many most important audio system.
Birol is within the behavior of reviewing the IEA’s reference report, the World Vitality Outlook, which is revealed a bit earlier within the autumn. In earlier years, he has assured the general public, within the presence of most of Norway’s petroleum leaders, that the world wants each drop of oil and fuel molecule from the Norwegian continental shelf.
In recent times, the IEA’s message has taken on a barely totally different tone. Amongst different issues, the company has revealed a roadmap to a web zero world by 2050, which won’t require investments in new, main oil and fuel tasks.
Sniffing promoting posters
In just a few days, the IEA can even launch a brand new report on the oil business’s restructuring efforts. On Tuesday, Birol comes with a bit taste – which at first appeared candy and good to host Equinor, however shortly developed a barely bitter aftertaste.
The article continues beneath the commercialThere’s a stark distinction between what the oil corporations say and what they do, Birol famous from the rostrum, speaking about all of the promoting posters he lately noticed at Paris airport.
– Photo voltaic panels, windmills, inexperienced grass and so forth, he summarized.
– Are they doing greenwashing, asks the moderator.
– It relies on the businesses. However I need to say one factor, since we’ve Equinor colleagues right here, to make them joyful. If all corporations are in a single classroom, Equinor is on the prime of the category.
Applause from the viewers – then Birol provides:
– However do not be too joyful. As a result of it is not an excellent class.
Anders Opedal smiled broadly within the room when IEA CEO Fatih Birol stated that Equinor was the perfect within the class, however that the category is just not significantly good. (Picture: Gunnar Lier)There’s not sufficient funding
One of many conclusions within the report is that oil corporations will not be investing sufficient in renewable vitality sources and different options. Equinor now has 14 p.c of its gross investments right here, however will enhance to 50 p.c by 2030.
Birol can also be requested whether or not Norway ought to have a method for the ultimate section on the Norwegian continental shelf, because the Local weather Fee has proposed.
The article continues beneath the commercial– It will not occur in a single day. However you need to have a method for a way the oil and fuel transition will play a smaller function within the economic system, says Birol.
The article continues beneath the commercialPresent all positions
Essential for Europe
After the vitality disaster in Europe and the battle in Ukraine, the IEA is however conscious that the state of affairs – not less than within the brief time period – has modified considerably. And Birol, which beforehand thanked Norway for the rise in fuel exports to Europe final yr, does so once more on Tuesday:
– Norway has confirmed that it’s the cornerstone of European vitality safety. Thanks very a lot for that, he says from the stage.
However, he reiterates, amongst different issues, the message that solely investments in current oil and fuel fields are wanted on the trail to local weather neutrality, which isn’t fully suitable with the Norwegian authorities’s coverage to develop and never dismantle the Norwegian continental shelf. a coverage minister of oil and vitality Terje Aasland emphasised within the submit for Birol.
Birol repeats what he stated earlier this yr:
– The declare that oil, fuel and coal are the most secure selection for customers is turning into more and more weak.
Birol is experiencing document warmth, battle in Ukraine and now most lately battle within the Center East. Though the battle in Gaza and Israel has not but affected oil-producing nations (and oil costs have even fallen in latest weeks), it underlines the fragility of the vitality system, Birol says. (Situations)Copyright Dagens Næringsliv AS and/or our suppliers. We want you to share our instances by way of hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents could solely be made with written permission or as permitted by legislation. For additional circumstances see right here.
Exploded and launched 40,000 barrels of oil: – The employees are the final folks on their minds
Previous tankers nonetheless function alongside the coast.
02:03
Printed: 30.10.23 — 02:16
The pinnacle of the IEA on Equinor: – Greatest in school – however it’s not an excellent class
World Information,Subsequent Massive Factor in Public Knowledg
#IEA #Equinor #class #good #class
