Fatih Birol - IEA
Last May (one year ago) the International Energy Agency (IEA) and its Executive Director Fatih Birol published a nonsensical “report” called “Net Zero by 2050: A Roadmap for the Global Energy Sector” (see Intl Energy Agency Says World Should Stop All New O&G Development). In the report, IEA made the preposterous claim that if the world (i.e. the U.S.) doesn’t stop all new drilling for oil and gas immediately, the earth will toast itself into oblivion by 2050. But then in February of this year, that same IEA and Birol told OPEC+ it needs to drill like crazy to produce more oil (see IEA Says OPEC+ Not Producing Enough Oil, After Preaching No New Oil). The bipolar pendulum has swung again. Now Birol says the Russian invasion of Ukraine should not be an excuse for large-scale fossil fuel investments.
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