{"id":55211,"date":"2021-07-06T19:42:06","date_gmt":"2021-07-06T18:42:06","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=55211"},"modified":"2021-07-06T19:42:06","modified_gmt":"2021-07-06T18:42:06","slug":"calls-for-divestment-in-oil-and-gas-industry-irresponsible-barkindo","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/07\/06\/calls-for-divestment-in-oil-and-gas-industry-irresponsible-barkindo\/","title":{"rendered":"Calls for divestment in oil and gas industry irresponsible &#8211; Barkindo"},"content":{"rendered":"<p>Secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo has described calls to withdraw investments from oil and gas industry as &#8220;irresponsible&#8221; and &#8220;unrealistic&#8221;.<\/p>\n<p>Recall that Barkindo in January had stated that divesting from the oil sector will not end global carbon emissions.<\/p>\n<p>This was stated on Tuesday by Barkindo while<span data-preserver-spaces=\"true\">\u00a0delivering a keynote address on the topic, \u2018Global oil market dynamics in a decarbonizing world\u2019, at the 20th edition of the Nigeria Oil and Gas Conference and Exhibition.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On energy <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/06\/30\/we-are-improving-food-systems-to-lift-100m-nigerians-out-of-poverty-osinbajo\/\">poverty<\/a>, he underscored the need to ensure energy access for all around the world as part of a fair, inclusive and equitable energy transition.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Barkindo, who pointed out that all forms of energy will be required to meet current and future energy demands, said recent calls for oil and gas industry divestment are irresponsible and unrealistic.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He underlined the key role of innovation, technology and science in the energy industry, which has resulted in cutting-edge solutions such as carbon capture, utilization and storage (CCUS), and hydrogen.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThese will be viable options for reducing the global carbon footprint,\u201d he added.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The OPEC secretary-general lauded Nigeria\u2019s contributions to sustainable stability in the global oil market and its influential role in the OPEC and non-OPEC Declaration of Cooperation (DoC).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cOPEC is deeply indebted to HE Muhammadu Buhari, President of Nigeria, for the leading role he has played and continues to play in support of the Declaration of Cooperation process. This historic achievement has ushered in a new era in global energy cooperation,\u201d Barkindo said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cOver the last five decades, OPEC and Nigeria have sown the seeds of friendship to build a highly fruitful and mutually beneficial relationship, forging strong ties that will last forever.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He noted that Nigeria would mark its 50 years of membership in OPEC on July 12.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To commemorate the milestone, the OPEC secretariat has produced a special issue of the OPEC Bulletin, which takes a retrospective look at Nigeria\u2019s journey as an OPEC member from 1971 till date.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The secretariat has also produced a documentary film to mark the occasion, Barkindo added.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo has described calls to withdraw investments from oil and gas industry as &#8220;irresponsible&#8221; and &#8220;unrealistic&#8221;. Recall that Barkindo in January had stated that divesting from the oil sector will not end global carbon emissions. This was stated on Tuesday by Barkindo while\u00a0delivering a keynote [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":55213,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[12662,12663,9679,11182],"class_list":["post-55211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-energy-poverty","tag-investments","tag-oil-and-gas-industry","tag-organisation-of-petroleum-exporting-countries-opec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Calls for divestment in oil and gas industry irresponsible - Barkindo<\/title>\n<meta name=\"description\" content=\"Secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo has described calls to withdraw investments from oil and gas industry as &quot;irresponsible&quot; 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