A global fossil fuel price crisis is “spreading inflation like a cancer” around the planet, the UN’s climate chief, Simon Stiell, told the opening plenary of critical UN climate talks in Turkey.
Stiell joined Cop31 hosts Turkey and Australia, which is leading the negotiations, in promoting renewable energy and a new electrification goal as an optimistic alternative to a planet still tied to oil, coal and gas.
None of you are considering how good this is for Exxon \s
Can we get a leaked recording of what he said behind closed doors?
Given how it’s pushing people to buy EVs and here in the UK to install solar, batteries and air source heat pumps it would be one of the best things there’s been for a while to get people to shift to renewables.
Yeah, I bet there will be a study in a few years of how countries that pushed hard on electricification made it out way better financially than those who didn’t during this time.
Price of energy is baked (heh) into the cost of everything. We’ve absolutely failed researching the next energy source.
Wow. He’s so… on it. Sharp that one is. It spread like price fixing. Global scale. That’s what it spread like.
