Saudi FM: World needs more fossil fuel Invest.
Newslooks- UNITED NATIONS- (AP)
Saudi Arabia’s foreign minister said Saturday that the world needs more fossil fuel investments, a message at odds with the United Nations’ own panel of scientists and researchers. “We need to invest in fossil fuels in order to meet growing international needs and meet the needs of consumers and producers to avoid the negative consequences of unrealistic policies aimed an excluding the main source of energy,” Foreign Minister Prince Faisal bin Farhan said at the U.N. General Assembly.
The U.N. panel says there should not be new investments in fossil fuel infrastructure and that the fuels, which are mostly responsible for climate change, must phase out over time.
The kingdom has committed to carbon neutrality by 2060, but insists that the energy transitions must be gradual.
Like other Arab states, he reiterated Saudi Arabia’s support for a two-state solution between Palestinians and Israelis. He also called for reform of the U.N. Security Council to better “address common challenges.”
Saudi FM: World needs more fossil fuel Invest.
Saudi FM: World needs more fossil fuel Invest.
Newslooks- UNITED NATIONS- (AP)
Saudi Arabia’s foreign minister said Saturday that the world needs more fossil fuel investments, a message at odds with the United Nations’ own panel of scientists and researchers. “We need to invest in fossil fuels in order to meet growing international needs and meet the needs of consumers and producers to avoid the negative consequences of unrealistic policies aimed an excluding the main source of energy,” Foreign Minister Prince Faisal bin Farhan said at the U.N. General Assembly.
The U.N. panel says there should not be new investments in fossil fuel infrastructure and that the fuels, which are mostly responsible for climate change, must phase out over time.
The kingdom has committed to carbon neutrality by 2060, but insists that the energy transitions must be gradual.
Like other Arab states, he reiterated Saudi Arabia’s support for a two-state solution between Palestinians and Israelis. He also called for reform of the U.N. Security Council to better “address common challenges.”
