Sunday, 14 February 2010

World heading towards an oil crunch on par with financial crisis

Commenting on today's (10th Feb 2010) warning by the UK Industry Taskforce on Peak Oil and Energy Security (ITPOES) that the world could be heading towards an "oil crunch" that will match the financial crisis within five years, Friends of the Earth's Executive director Andy Atkins said:

"Ministers must take this warning seriously and wean the UK off its addiction to oil - because ordinary people will experience the withdrawal symptoms when the wells run dry.

"It's been clear for some time that urgent action is needed to slash energy waste and develop green sources of energy - this will cut carbon emissions, increase energy security and create new green jobs and industries.

"The Government has been dithering for too long. We need bold political action to rapidly build a safe, clean and prosperous future for us all."

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