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OPEC leaders mock IEAâs âla-la landâ 2050 net zero roadmap By Dina Khrennikova and Olga Tanas on 6/3/2021
MOSCOW (Bloomberg) The worldâs largest petrostates rejected calls for a rapid shift away from oil and gas, warning that starving the industry of investment would harm the global economy.
Russian Deputy Prime Minister Alexander Novak
If the world were to follow the International Energy Agencyâs controversial road map, which said investment in new fields would have to stop immediately to achieve net-zero carbon emissions by 2050, âthe price for oil will go to, what, $200? Gas prices will skyrocket,â said Russian Deputy Prime Minister Alexander Novak.
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