Vladimir Putin on Energy & Oil

	Vladimir Putin on Energy & Oil

Green transition should be smooth instead of drastic steps

Putin blamed the transition to green energy and low investment in the extraction industries for what he said were "hysteria and some confusion" on European markets where energy prices are surging. He told a government meeting that it was vital that the green transition happened smoothly and criticized what he described as "unbalanced decisions" and "drastic steps". He called for the sustainable development of the oil, gas and coal sectors and said it was important that was not neglected. Source: Reuters News Service on Foreign Influencers , Oct 5, 2021

We'll end up in caves if we rely on solar/wind power

Producing energy without carbon emissions will send humanity back to the prehistoric period, Putin told an investment forum. "When these ideas of reducing energy production to zero or relying only on solar or wind power are promoted, I think humanity could once again end up in caves, simply because it won't consume anything," Putin said. "The technology is currently such that we simply won't be able to preserve civilization without hydrocarbons, nuclear energy or hydropower," Putin said. Source: The Moscow Times on Foreign Influencers , Apr 21, 2021

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Page last updated: Mar 17, 2022