New oil and gas is compatible with net zero


Source: newstatesman.com newstatesman.com

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Claire Coutinho, the Secretary of State for Energy Security and Net Zero. Photo by Carl Court / Getty Images. Look around at what other countries are doing to tackle climate change. Are you a fan of the US’s Inflation Reduction Act? It is, in part, funded by an explosion in the US’s production of shale gas. Do you like Norwegian subsidy schemes for electric vehicles? Those are partly funded by Norway’s oil and gas exports. Can you name one of our biggest competitors in developing carbon capture technology? One of the largest is Saudi Arabia. All around the world, there...