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US Energy Secretary attacks 'sinister' net zero goals, singling out Britain

Published by Global Banking & Finance Review

Posted on February 17, 2025

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· Last updated: January 26, 2026

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US Energy Secretary Chris Wright criticizes net zero goals at London conference - Global Banking & Finance Review
This image features US Energy Secretary Chris Wright during a conference in London, where he criticizes the UK's net zero goals. His comments highlight the impact of aggressive clean energy targets on living standards and energy production, emphasizing the ongoing debate in the banking and finance sectors regarding energy policies.
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By William James and Alex Lawler LONDON (Reuters) - U.S. Energy Secretary Chris Wright on Monday called a pledge to achieve net zero carbon emissions by 2050 a "sinister goal", and criticised the

US Energy Secretary Critiques UK's Net Zero Energy Goals

By William James and Alex Lawler

LONDON (Reuters) - U.S. Energy Secretary Chris Wright on Monday called a pledge to achieve net zero carbon emissions by 2050 a "sinister goal", and criticised the British government's attempts to hit clean energy targets.

Former President Joe Biden set a target in 2021 for the United States to achieve net-zero emissions by 2050 to help fight climate change, in part by using subsidies to encourage an expansion of clean energy and electric vehicles.

"Net Zero 2050 is a sinister goal. It's a terrible goal," Wright said, speaking via videolink at a conference being held in London.

"The aggressive pursuit of it - and you're sitting in a country that has aggressively pursued this goal - has not delivered any benefits, but it's delivered tremendous costs."

Wright also used a question and answer session at the Alliance for Responsible Citizenship event to say his number one priority was for the government to "get out of the way" of the production of oil, gas and coal.

President Donald Trump's administration said on Friday it had granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after Biden paused them early last year.

"We ended the pause and approved the Commonwealth LNG export terminal last Friday, and many more in the queue," he said.

"The world simply runs on hydrocarbons and for most of their uses we don't have replacements."

On net zero, he took particular aim at Britain, saying its pursuit of a decarbonised energy system - which the current UK government wants to reach by 2030 - had damaged living standards and exported emissions elsewhere in the world.

"No one's going to make an energy-intensive product in the United Kingdom any more. It's just been displaced somewhere else," he said.

"This is not energy transition. This is lunacy. This is impoverishing your own citizens in a delusion that this is somehow going to make the world a better place."

Prime Minister Keir Starmer has put clean energy at the heart of his strategy for Britain, banking on the development of the country's offshore wind resources in particular as the source of a new wave of highly skilled jobs and economic growth.

In January Trump, speaking before his presidential inauguration, criticised the British government's energy policy with a demand the country "open up" the ageing North Sea oil and gas basin and get rid of wind farms.

(Reporting by William James; Editing by Jan Harvey)

Key Takeaways

  • US Energy Secretary Chris Wright criticizes net zero goals.
  • Wright calls UK's energy policy costly and ineffective.
  • He urges focus on hydrocarbons over clean energy.
  • Wright claims UK's policy damages living standards.
  • UK aims for a decarbonized energy system by 2030.

Frequently Asked Questions

What is the main topic?
The article discusses US Energy Secretary Chris Wright's criticism of the UK's net zero energy goals.
What did Chris Wright say about UK's energy policy?
He called it costly and ineffective, urging a focus on hydrocarbons.
What is the UK's target for a decarbonized energy system?
The UK aims to achieve a decarbonized energy system by 2030.

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