Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

BYD to build European HQ in Budapest

May 17, 2025

Trump wants coal to power AI data centers – the tech industry is wary

May 17, 2025

Japan’s TDK accelerates launch of next-generation battery

May 17, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Fossil Fuels Are OK, US Energy Secretary Tells Africans
Asia & China

Fossil Fuels Are OK, US Energy Secretary Tells Africans

omc_adminBy omc_adminMarch 10, 2025No Comments2 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


 

Chris Wright, the new US Energy Secretary, addressed a gathering in Washington of energy ministers and tech founders from Africa last Friday and encouraged them to use whatever energy sources they want, according to a report by the New York Times.

Curious about ways to help 600 million citizens who have little access to power, amid confusion over US policy changes – “including the termination of Power Africa, a major initiative that had supported them for a decade,” Wright gave an impassioned speech that downplayed concerns about climate change, it said.

“We’ve had years of Western countries shamelessly saying don’t develop coal, coal is bad,” Mr Wright was quoted as saying. “That’s just nonsense, 100% nonsense. Coal transformed our world and made it better.”

A former CEO of Liberty Energy, Wright said climate change was a “real, physical phenomenon,” the report said, but reckoned it wouldn’t make a list of his top 10 problems the world faces.

His remarks “met with roaring approval,” as they were similar to what African energy developers have argued for years, it said.

It is not known yet if Power Africa, an Obama initiative, will be revived or its focus changed, given Trump has frozen aid to South Africa.

But a former official said renewable energy is now the fastest and cheapest form of energy that can be deployed on the continent and it doesn’t require huge spending on power grids or plants.

Read the full report: The New York Times.

 

ALSO SEE:

Carbon Capture Costlier Than Full Switch to Renewables: Study

China’s Fuel Demand Set For Sustained Declines Amid EV Boom

Spending on Global Energy Transition Well Under What’s Needed

Energy Emissions Set to Peak But ‘Not in Time’ For Climate Goals

Booming Solar Puts 2030 Renewable Energy Goals ‘Within Reach’

Hottest-Ever January Extends Streak Breaching 1.5C Threshold

Floods or Drought: Climate Change Worsens Global Water Woes

Continuing Rise of Methane Emissions Worrying Top Scientists

Oil And Gas Sector Way Off Net Zero Track: S&P Global

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

US Tariff Pause Puts Heat on China+1 Trade Via SE Asia, Mexico

May 13, 2025

India Seeks Quick Trade Deal With Trump, Offers to Slash Tariffs

May 9, 2025

Fear of Huge Job Losses Led to China’s Move to Discuss Tariffs

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views

Permian Basin growth fuels ExxonMobil’s quarterly success – Oil & Gas 360

May 2, 20251 Views

IOCL targets $1 trillion revenue by 2047, to enter data centres, nuclear power, battery and mining sectors, ET EnergyWorld

May 17, 20250 Views
Don't Miss

EOG Resources awarded exploration concession for onshore UAE shale basin

By omc_adminMay 16, 2025

EOG Resources, Inc. (EOG) today announced that the company was awarded a new oil…

Halliburton, Rhino Resources deliver two wells in Orange Basin, offshore Namibia

May 16, 2025

Oxy and ADNOC’s investment firm to explore carbon capture solutions in Texas

May 16, 2025

BlackRock’s New ESG Utilities ETF Targets 30% Emissions Cut

May 16, 2025
Top Trending

Top winemaker ‘may have to leave its Spanish vineyards due to climate crisis’ | Food & drink industry

By omc_adminMay 17, 2025

TrusTrace Launches AI-Powered Supply Chain Sustainability Traceability Platform

By omc_adminMay 16, 2025

California Plans $60 Billion Carbon Cap-and-Invest Program Despite Pressure from Trump

By omc_adminMay 16, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

Nvidia Products: What to Know About Data Center GPUs and Consumer Tech

May 17, 20250 Views
Our Picks

Oxy and ADNOC’s investment firm to explore carbon capture solutions in Texas

May 16, 2025

UNSC Convenes Behind Closed Doors Over Pahalgam Attack: Diplomacy at Crossroads Amid Indo-Pak Tensions

May 16, 2025

Phillips 66 Sells Majority Stake in German, Austrian Retail Unit

May 16, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.