Biden says push for energy production 'not inconsistent' with climate goals

Published 10/31/2021, 04:29 PM
Updated 10/31/2021, 05:00 PM
© Reuters. U.S President Joe Biden speaks during a press conference in the G20 leaders' summit in Rome, Italy October 31, 2021. REUTERS/Kevin Lamarque

By Jeff Mason

ROME (Reuters) - U.S. President Joe Biden said on Sunday it was "not inconsistent" for him to push energy-producing nations to increase output of fossil fuels while also urging countries to commit to an energy transition.

Biden spoke to reporters after days of tough negotiations in Rome between leaders of the Group of 20 major economies. He referred to "disappointment" with the lack of progress toward climate goals at the talks, which took place ahead of the COP26 climate talks in Glasgow.

At the talks, Biden also urged energy-producing countries with spare capacity to boost production to ensure a stronger global economic recovery as part of a broad effort to pressure OPEC and its partners to increase oil supply.

"It’s not at all inconsistent in that no one has anticipated that this year we would be in a position, or even next year, that we’re not going to use any more oil or gas," Biden said.

© Reuters. U.S President Joe Biden speaks during a press conference in the G20 leaders' summit in Rome, Italy October 31, 2021. REUTERS/Kevin Lamarque

For example, Biden said, the United States still needs gasoline even as it aims to have electric vehicles make up half of the vehicles on U.S. roads by 2030.

“The idea we’re going to be able to move to renewable energy overnight and ... from this moment on not use oil or not use gas or not use hydrogen, it’s just not rational," Biden said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.