U.S. climate envoy John Kerry acknowledged that fossil fuel companies are 'critical' to the green energy transition and worried about plans to reduce clean investments.
Senior Congressional correspondent Chad Pergram reports on the House GOP investigation on whether Biden climate envoy John Kerry's discussions with China might undermine the U.S. economy and foreign policy.
in an effort to learn more, Politico reported. But the top Biden administration official expressed concern that without fossil fuel companies' commitments, the green energy transition could be hampered. Earlier this week, billion-dollar oil companies Shell and BP announced they would scale back net-zero investment plans to allow greater focus on traditional fossil fuel projects. Both companies have extensive investments in wind, solar, hydropower and bioenergy."We need continuing near-term investment into today’s energy system – which depends on oil and gas – to meet today’s demands and to make sure the transition is an orderly one," BP CEO Bernard Looney said on Tuesday.
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