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Another moment of truth for the IEA: Words matter on oil industry investments
On 7 March 2017, at CERAWeek, the Executive Director of the IEA said to the industry, “invest, invest, invest,” adding: “We are advocating that the investments need to be made and need to be made without delay. If I had to underline one key word here, it would be investment for the upstream.” The alignment between OPEC and the IEA’s positions continued in an article published in conjunction with the 16th International Energy Forum Ministerial Meeting, on 10 April 2018. The IEA Executive Director wrote: “Regardless of climate policy, timely investment into oil and gas supply remains a cornerstone of energy ... (full story)