- Sep 17, 2019 4:30 pm GMT
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The record spike in oil after an attack on a Saudi Arabian oil facility is yet another signal for the European Union's energy chief that the 28-nation bloc should walk away from fossil fuels and become climate-neutral.
"We have already learned the lesson: we have to fight global warming and we have to have intelligent climate policies," E.U. Climate and Energy Commissioner Miguel Arias Canete told Bloomberg TV in an interview from Brussels. "That means getting out of fossil fuels, elimination of subsidies to fossil fuels, developing clean energy and renewables and increasing energy efficiency."
And those in the U.S. who see the oil production boom and net exporter status as insulating us from these concerns are also quite short-sighted