G7 criticized for natural gas investments and climate goals with loopholes amidst Ukraine conflict and new Russia sanctions.

1 min read
Source: AlterNet
G7 criticized for natural gas investments and climate goals with loopholes amidst Ukraine conflict and new Russia sanctions.
Photo: AlterNet
TL;DR Summary

Climate action advocates have criticized the Group of Seven (G7) leaders for supporting future investments in natural gas, despite committing to phasing out fossil fuels and achieving net-zero in energy systems by 2050. The G7 statement endorses liquefied natural gas (LNG) as a solution to the global impact of Russia's war on energy supplies, gas prices, and inflation. Critics argue that energy security can only be achieved by rapidly phasing out fossil fuels and transitioning to renewable energy, not locking in deadly fossil fuels and lining the pockets of oil and gas executives.

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