Friday, March 20, 2009

Oil producers on oil, renewables and sustainable development

Yvo De Boer, Executive Secretary of the United Nations Framework Convention on Climate Change. (Manpreet Romana/Getty Images) 

A crash in oil prices has confirmed the dominance of fossil fuels, Opec ministers and other energy producers said today at a seminar, but they also stated their commitment to fighting the pollution they generate.

"Fighting climate change cannot realistically mean fighting oil. Fighting climate change means fighting emissions," Yvo de Boer, head of the United Nations climate change secretariat, told the conference.

"Low oil prices are the enemies to research into alternative sources," Reuters quoted Eni chief executive Paolo Scaroni telling the conference. "What affects oil prices affects other energy sources. Oil must be at the centre of any concept of sustainable development."

Iran, for instance, was "supportive of any (environmental) measures, including carbon capture and storage", the country's Oil Minister Gholamhossein Nozari said.

"Opec members have an important role to play in researching clean sources of energy... It would put opec at the cutting edge of the transition to lower emissions technology," de Boer told reuters.

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Oil producers on oil, renewables and sustainable development

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