The shift from oil isn't just about being 'green' anymore. It's a massive power move for national security.
The global push to move away from oil and gas has long been framed as a response to the effects of climate change and the need to take care of the planet. But a widening group of strategists, analysts, and industry participants argue that the transition is being reshaped by a different, more immediate driver: energy security.
The disruption to global energy markets tied to the war in Iran and escalating attacks on infrastructure in the Middle East has sharpened concerns about the vulnerability of fossil fuel supply chains, prompting renewed debate about how countries can reduce reliance on imported hydrocarbons.
"One of the predictions you can make out of what's happening is that it's going to turbocharge the energy transition," Jeff Currie, chief strategy officer of energy pathways at Carlyle, said at CERAWeek by S&P Global, a major energy industry conference, last week.
"The energy transition never had anything to do with climate change ... Security was always paramount."
https://finance.yahoo.com/news/the-shift-from-oil-isnt-just-about-being-green-anymore-its-a-massive-power-move-for-national-security-120741283.html
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