The minds that shape world energy policy have now worked themselves into a quagmire of contradictions.
We have U.S. President Joe Biden calling for a phasing out of fossil fuel production while at the same time urging greater oil and gas output (and discouraging gas exports for fear of raising prices internally).
We have the Germans re-opening coal-burning power stations but refusing to keep open their remaining low carbon nuclear plants. We have the British heavily committed to net zero emissions yet encouraging more North Sea oil and gas drilling. We have Japan continuing as a major importer of oil and gas while many gigawatts of low carbon electricity from nuclear plants lie idle.
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