Page 5 - GLNG Week 28 2022
P. 5
GLNG COMMENTARY GLNG
on climate action,” Anders Schelde, chief invest-
ment officer at Danish pension fund Akademik- Jitters have only increased this week as planned
erPension, told the news service. maintenance gets under way on the Nord Stream
Greta Thunberg, the young Swedish climate 1 gas pipeline from Russia to Germany.
activist, described the vote as hypocrisy. “This With the vote, Europe has apparently signalled
will delay a desperately needed real sustainable that it wants to continue its reliance on natural
transition and deepen our dependency on Rus- gas, noted the New York Times.
sian fuels. The hypocrisy is striking, but unfortu- The divergence between EU climate goals and
nately not surprising,” she tweeted. shorter-term energy needs is more evident than
“Vladimir Putin is rubbing his hands with glee ever.
today,” Inna Sovsun, a Ukrainian deputy, said in Since January 1, European natural gas prices
an emailed statement to the New York Times. have skyrocketed by about 700%, Kevin Book,
“Europe just handed him a huge present by clas- managing director of ClearView Energy Part-
sifying gas and nuclear as sustainable. A gift that ners, told Axios. “What I think we’re seeing is
will channel billions into his pockets and further a divergence between rhetoric and realpolitik,”
boost his war chest.” he said to the news outlet. “Some of the govern-
The EU is scrambling for natural gas supplies ments that have espoused very green values are
to prepare for winter, and lobby groups fought also signing 20-year contracts for LNG [liquefied
hard to get natural gas included as sustainable. natural gas].”
Week 28 15•July•2022 www. NEWSBASE .com P5
