Summit Notebook

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Audio – So, OPEC cares about the planet

June 5, 2007

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Oil prices have been at record highs in recent years and billions of dollars are pouring into the coffers of oil producing nations that make up OPEC, the group that supplies 40 percent of world oil. Yet that has not stopped them worrying about the environment, OPEC Secretary General Dr Abdullah al Badri told the Reuters Global Energy Summit in London.

 

 ”The environment is a concern,” he said. “We are living on the same planet.”
 

Environmentalists argue that burning fossil fuels is chiefly to blame for global warming and is already having a devastating effect on the world, where there have been more storms and desertification.
 

OPEC believes the answer is not cutting fossil fuel consumption but making it cleaner.
 

“There is no magic alternative to oil. Fossil fuels will be the dominant energy for the foreseeable future, for more than decades,” he said. 

 

Badri wants technology to step in and produce cleaner fuel.
 

“We need to coordinate with each other,” says Badri. “We are encouraging a mix of energy. We don’t feel any threat.”

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