"As we move faster on renewables and nuclear, our partners in the G7 must do the same because staying stuck on the rollercoaster of global oil and gas prices will help nobody."
"Reeves will argue that the G7 nations should not shift pressure on to partners or weaken collective resilience, a veiled warning about easing sanctions on Russian energy."
"Reeves rejected calls from the Conservatives to issue new oil and gas licenses in the North Sea because they would not insulate the UK from further energy shocks or bring down UK consumers' bills."
Rachel Reeves will urge G7 nations to expedite the transition to clean energy to shield economies from global oil and gas price volatility. She will emphasize that long-term energy security relies on renewables and nuclear power, rejecting calls for new oil and gas licenses. The UK government aims to implement the Fingleton review to enhance nuclear delivery. Reeves will advocate for collective action among G7 countries to strengthen resilience and avoid shifting pressure onto partners, particularly regarding sanctions on Russian energy.
Read at www.theguardian.com
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