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Transcripts For BBCNEWS Talking Business 20240707

wherever you arejoining me from around the world, once again a big hello and warm welcome to the show. you know, it has been a record breaking few weeks for temperatures in europe. wildfires have raged across mediterranean countries like spain, portugal, italy and greece. here in the uk, we had our hottest ever day on record. and yet, it is the coming winter that has been focusing minds, in particular how western europe and other parts of the world are going to keep warm amid the rising oil and gas crisis? following the russian invasion of ukraine and heavy sanctions on russia s oil and gas exports, which are to come in at the end of the year. president biden in the last few weeks was in saudi arabia and the middle east. while he didn t secure more oil from the country many think trying to do so was one of the reason for his visit. and in europe, the european commission has set out plans asking countries in the union to cut their gas consumption by 15% until the spring. the p

Transcripts for BBCNEWS Talking Business 20240604 00:47:00

and we have no blackouts or anything and we don t have a lot of extra storage. in europe we do have 22% of the european union energy consumption already covered by renewables. and as we said within the european union. at least, it s getting there and some people have missed the boat. they are stubborn in clinging to fossil technology. that is a business model that they should have foreseen that it will not fly for much longer. i am wondering, the russian invasion of ukraine, has that helped or hindered the push towards renewables? it has created a difficult situation. i would rather not have putin shooting at innocent people and invading territories which are not russia in order to get renewables

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