Tag: fuels
-
Egyptian Minister of Petroleum: Renewable energy is not an “enemy”… Fossil fuels are important for transformation
The Egyptian Minister of Petroleum, Engineer Tarek El-Molla, confirmed that moving forward towards the energy transition at a rapid pace may pose an economic and political danger at the same time, citing the repercussions of the Russian-Ukrainian war on the markets. He pointed out that fossil fuels are an important tool for achieving this transition,…
-
76% of Australian investors exclude fossil fuels (survey)
Investors in Australia are seeking to wean off fossil fuels, in line with the country’s policy to cut carbon emissions by 43% by 2030. As is the case in various countries of the world, investors are facing increasing pressure to stop subsidizing new production of oil, gas and coal projects, in order to control global…
